article thumbnail

As Rental Costs Rise and Wage Growth Slows, Housing Affordability Worsens

Pro Builder

have been squeezed by fast-rising rental costs paired with near-stagnant income growth, and as a result, two full-time workers earning minimum wage can comfortably afford a typical two-bedroom rental in just 10 of the 50 largest U.S. In San Francisco, home to the highest one-bedroom rents in the country, an hourly income of $49.01

article thumbnail

Best Small Project (under $10 million): Cristo Rey College Preparatory Innovation Center

ENR Construction

The 40,435-sq-ft Innovation Center, which sits 30 ft from an existing academic building, primarily serves the Dallas area’s low-income youth.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The impacts of affordability, remote work, and personal safety on urban life

BD+C

Our respondents come from cities in four global regions: North America (Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Los Angeles, Miami, New York, San Diego, San Francisco, Seattle, Toronto, and Washington, D.C.), Income level creates the most variation in agreement for this statement.

Safety 98
article thumbnail

Unflagging national office market enjoys economic tailwinds

BD+C

Ryan Tharp, Research Director in Dallas, said the strong economy has contributed to the office market’s momentum, despite softer income growth in a very tight labor market. . Absorption reached 22.7 million square feet, vacancy remained stable at 10.1%, and asking rents increased by 4.0%, annually. .

Office 53
article thumbnail

Southern Housing Markets See Strong Growth and Greater Affordability

Pro Builder

On the contrary, Dallas takes the spot for the most expensive metro area seeing major economic growth as home prices linger around $293,976, thanks to strong demand from incoming buyers. .

Housing 52
article thumbnail

10 Cities at Greatest Risk for Possible Housing Crisis

Pro Builder

FHA mortgages are catered to borrowers who may be first-time, minority, or lower-income, Realtor.com says. Houston has the second highest number of delinquent FHA loans, followed by Chicago, Washington, DC, and Dallas. Atlanta’s metro region has the most delinquent mortgages—53,000 to be exact.

Risk 52
article thumbnail

Robert Shiller Predicted the Housing Bubble and Bust of 2008. Here’s His Take on the 2022 Market

Pro Builder

disposable income in 2007, but that share is down to just 3.8% In their view, there's a chance all those spec homes under construction could see markets like Atlanta, Austin and Dallas get oversupplied in 2023. Americans are also less debt-burdened than they were in 2007, when many buyers turned to subprime mortgages to purchase homes.

Housing 52