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Zillow Predicts Affordability Issues for Renters by End of 2021

Pro Builder

Zillow Predicts Affordability Issues for Renters by End of 2021. Thu, 08/12/2021 - 10:20. If current rent and income growth trends continue, Zillow says some of the most affordable metros will become the least affordable and many renters will become newly housing-cost burdened by the end of the year. cbroderick. A typical U.S.

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

Pro Builder

The rate of homeownership fell to just 38% for first-time buyers in 2021 as a result of record high housing costs, record low inventory, and stagnant wage growth across the U.S. Housing Policy + Finance. Housing Policy + Finance. New-Home Sales. Human Resources.

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Home Prices Increase 17.2%—Is the Housing Market in a Bubble?

Pro Builder

Mon, 04/26/2021 - 08:55. Bubbles are driven by irrational behaviors driving up prices, yet the housing market’s price acceleration can be pinpointed to low inventory. Another way to look at this is through the lens of household finances. Debt as a percentage of personal income has dropped to 85.3% cbroderick.

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Why Builders Wait to See Lower Lumber Prices

Pro Builder

Wed, 08/04/2021 - 06:00. NAHB Policy Brief | Lumber prices have moderated, but lower costs haven't worked their way to builders; New home prices too expensive for lower-income households. New-Home Prices Squeeze Out Lower-Income Households . Why Builders Wait to See Lower Lumber Prices. National Association of Home Builders.

NAHB 98
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Buyers Pull Back on Mortgage Applications for Second Week

Pro Builder

Wed, 06/02/2021 - 09:41. FHA and VA loans offer low or even no down payment options for borrowers with lower incomes and credit scores. Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continues to hold back purchase activity,” said Joel Kan, an MBA economist. cbroderick.

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Housing Outlook: Is This a Recession … or Not?

Pro Builder

Another important indicator of industry health is the rate of single-family housing starts, which increased by 13% in both 2020 and 2021. in August 2022, compared with the same month in 2021, according to the U.S. increase of 2021. increase in 2021. Other Indicators Point to a Housing Slowdown. Census Bureau.

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NAHB Chairman's Letter: Americans Want Action on Housing Affordability

Pro Builder

Chuck Fowke, NAHB 2021 Chairman. The most popular solution to ease housing affordability woes, cited by 66% of the survey respondents, would be to provide incentives to private builders and developers to create more affordable housing for low- and moderate-income households. Housing Policy + Finance. Affordability. Regulations.

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