article thumbnail

Can Looser Zoning Rules Help the Housing Shortage? Biden Thinks So

Pro Builder

Can Looser Zoning Rules Help the Housing Shortage? President Biden’s infrastructure plan will set aside $5 billion for a grant program aimed at tackling “exclusionary” zoning laws that inflate housing costs. Housing shortages are not exclusive to dense cities such as Boston and San Francisco, but metros such as Grand Rapids, Mich.

Zoning 98
article thumbnail

Case-Shiller House Price Index Reveals Steep September Declines

Pro Builder

Case-Shiller House Price Index Reveals Steep September Declines. Despite persistent annual growth, the September Case-Shiller National House Price Index (HPI) revealed significant home price declines in some overheated housing markets . Housing Markets. Housing Markets. Wed, 11/30/2022 - 10:57. New-Home Sales.

Housing 52
professionals

Sign Up for our Newsletter

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

article thumbnail

Gen Zers Are Entering the Housing Market as First-Time Buyers, but Where Are They Searching?

Pro Builder

Gen Zers Are Entering the Housing Market as First-Time Buyers, but Where Are They Searching? As large metro areas become more expensive, young homebuyers are searching for affordable housing in midsize cities. At the bottom were the notoriously expensive coastal cities of San Jose, Calif., New York and San Francisco.

article thumbnail

It's Now Cheaper to Rent Than Buy in Every State

Pro Builder

That’s the question many prospective buyers and renters face, and the answer usually comes down to finances. With short housing supply and increasing home prices, renters have found relief in lowered rents in urban areas, sweetening the decision even further, says the New York Times. San Francisco and San Jose, Calif.,

article thumbnail

Here Are the U.S. Metros Where Home Price Growth Is Slowing the Fastest

Pro Builder

Metros Where Home Price Growth Is Slowing the Fastest ldeakins Thu, 03/02/2023 - 11:27 Home price growth slowed further in December as rate hikes from the Federal Reserve propelled a post-pandemic housing correction. gain in year-over-year appreciation, the S&P CoreLogic Case-Shiller 20-city house price index dropped 0.5% Despite a 4.6%

Metro 52
article thumbnail

Rent Control Policies Gain Traction—Economists Say They’re a Bad Idea

Pro Builder

While many economists agree that measures need to be taken to increase housing supply and resolve a widening affordability crisis, most unanimously argue against such policies. Just 2% of economists polled by IMG felt rent controls in places such as New York and San Francisco were having a positive impact on affordable housing.

IDEA 52
article thumbnail

Structural engineering solutions for office-to-residential conversion

BD+C

Nationwide, office vacancies stand at 17%, with some big cities—San Francisco, Houston, Austin—topping 30%, while the U.S. faces a housing deficit of 3.8 But making an adaptive reuse project pencil out in a tight financing market isn’t so simple. million units. has adopted SFBC 503.11.1, Seattle, Wash.,