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Hispanic Americans Are Chipping Away at a Persisting Homeownership Gap

Pro Builder

in 2020, its highest level ever recorded, but lingering roadblocks still hinder Hispanic Americans on the road to wealth building. The median income of Hispanic households was $56,113 in 2019, according to Insider, a rate nearly 30% lower than the $76,057 median income of white households.

Income 52
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Pandemic Exposed Deep Housing Issues, Says Harvard Report

Pro Builder

Harvard’s Joint Center for Housing Studies released its annual housing data report, “The State of the Nation’s Housing,” this week, which highlights the troubled foundations of America’s housing. The average price-to-income ratio, a measure of an area’s median home costs versus its median income, hit 4.4

Housing 66
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2020 Builder of the Year: True Homes—a Culture Like No Other

Pro Builder

2020 Builder of the Year: True Homes—a Culture Like No Other. Wed, 12/02/2020 - 12:30. True Homes is Pro Builder 's 2020 Builder of the Year, in large part because of the home builder's purpose-driven company culture, which is yielding truly amazing results. The True Foundation has. Mike Beirne, Senior Editor.

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3 affordable housing projects that serve as social catalysts

BD+C

Eleven million people in this country are paying more than half of their income for rent, and these are low-income people,” says Richard Burns, CEO of the NHP Foundation, a national not-for-profit provider of affordable housing. Affordable housing is housing built for people who earn 80% or less of the area median income (AMI).

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5 ways to rethink the future of multifamily development and design

BD+C

million units” in late 2020. More supply is undoubtedly needed, but our research also suggests that residents within all income groups are wary of new development, as neighborhood character and community cohesion rank highly among what residents value. Freddie Mac’s Chief Economist reports that the “U.S.

Design 52
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Inside the Mind of the High-Performance Homebuyer

Pro Builder

68% have an annual household income over $100,000. 39% have annual household income over $100,000. 39% have annual household income over $100,000. 60% are allergic to dust and/or have pollen allergies, compared with just 15% of the general population, per the Asthma and Allergy Foundation of America. Suzanne Shelton.

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NAHB—Making a Difference for Its Members

Pro Builder

The unprecedented challenges our nation faced in 2020 led to numerous changes in the way we live, work, and spend our everyday lives. A permanent minimum 4% credit floor on low-income housing tax credits enables NAHB multifamily developer members to finance thousands of additional affordable rental units. .

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