article thumbnail

How Employer-Assisted Housing Programs Are Paving a Path to Homeownership

Pro Builder

How Employer-Assisted Housing Programs Are Paving a Path to Homeownership. Employer-assisted housing (EAH) programs offer incentives for employees making home purchases. Mon, 05/09/2022 - 10:26.

article thumbnail

How the Skilled Labor Shortage Is Slowing New Home Development

Pro Builder

Tue, 11/09/2021 - 09:33. A national shortage of skilled construction labor is prolonging a housing crisis defined by low inventory and affordability. As the construction industry struggles to recruit, train, and retain workers, delayed projects and lingering inventory shortages will continue to limit affordability for homebuyers. .

professionals

Sign Up for our Newsletter

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

article thumbnail

Declining Unemployment Rates Suggest Economic Recovery Despite Lingering Labor Shortage

Pro Builder

Mon, 12/06/2021 - 16:29. Though many more trade workers are needed to boost inventory and cut down housing demand, a higher labor participation rate and increased wages mean that the national economy is inching closer to full employment. . More workers are getting off the sidelines as employers boost wages.

article thumbnail

Mortgage Rates Highest Since October 2019

Pro Builder

by the end of January 2021 as builders and buyers eye affordability in the new year. Following strong employment in January, the most prevalent 30-year fixed mortgage rate is steadily rising toward 4.0%, the highest since October 2019, Bill McBride reports in the CalculatedRisk Newsletter. Mortgage Rates Highest Since October 2019.

Finance 99
article thumbnail

Labor Shortage Causing Housing Crisis Across U.S.

Pro Builder

Fri, 11/05/2021 - 09:46. A lack of skilled construction labor is a major limiting factor in the race to provide greater housing inventory and improve affordability in a tight market. . Labor Shortage Causing Housing Crisis Across U.S. A skilled labor shortage across the U.S. A skilled labor shortage across the U.S.

Housing 119
article thumbnail

Does Your Market Make the List of Best Cities for First-Time Buyers?

Pro Builder

Thu, 06/03/2021 - 09:52. Economists say it’s likely due to hurdles such as rising home prices and tight inventory. Nashville, Tennessee ranks in the top 10% of cities for three of the four categories that we considered: home market favorability, affordability and employment. buyers, but the share has dropped to 31% in 2019.

article thumbnail

After Wreaking Havoc on Rural Markets, Remote Workers Are Returning to the Office

Pro Builder

In addition, an unprecedented wave of housing demand drove up competition and left behind little inventory for remaining house hunters in towns like Moab, Utah. Over the past two years, home prices have surged in rural markets, entirely pricing out local buyers. Read more Housing Markets Affordability Market Data + Trends Housing Markets

Office 52