Pro Builder

NOVEMBER 24, 2021

High-Income Millennials Are Flocking to the Rental Market. Wed, 11/24/2021 - 13:10. The share of higher-income Millennials who are renting instead of buying a home is at its highest level in five years, according to RentCafe. Housing Markets. Why would-be homebuyers are taking the rental route instead. . Demographics.

Income 52

Income Housing Budgeting Budget 52

Pro Builder

DECEMBER 16, 2022

Homeowners in These States Paid the Highest Property Taxes in 2021. states with the highest tax bills in 2021, while homeowners in southern states saved the most money on property taxes. of state and local tax receipts in 2020 due to a broad decline in income tax revenue as a result of the pandemic, property taxes made up 36.2%

Texas 96

Texas New Jersey Hawaii Alabama 96

Pro Builder

DECEMBER 20, 2021

High Income Millennials Are Becoming Lifestyle Renters Rather Than Homeowners. Mon, 12/20/2021 - 10:17. Why young adults who can afford to buy a house are benefiting from the rental route instead. Housing Markets. Market Data + Trends. Built for Rent. Market Data + Trends.

Income 59

Income Housing Plans 59

Pro Builder

AUGUST 11, 2022

Out-of-Towners Pushed the Average Boise Buyer Income 24% Higher During the Pandemic. The typical income of a Boise homebuyer rose 24% throughout the pandemic as locals went toe-to-toe with wealthy out-of-state newcomers for available listings. The typical Boise homebuyer earned $98,000 in 2021, up 24.1% Housing Markets.

Income 52

Income San Francisco Idaho Miami 52

Pro Builder

MARCH 22, 2022

Property Tax Collections Remained Stable in 2021. A steady stream of property taxes accounted for the largest share of state and local revenue throughout 2021. billion in taxes paid by property owners at the close of Q4 2021, a 1% quarterly increase after a 0.6% in Q3 2021, the second such decrease since 2012. Financials.

Income 52

Income NAHB Accounting Finance 52

Pro Builder

JANUARY 8, 2021

Housing Affordability Affects Housing Choice. Fri, 01/08/2021 - 11:50. NAHB Housing Policy Briefing | NAHB encourages policymakers to focus on incentives for local governments to embrace new housing developments, including affordable low-income and workforce housing.

Housing 85

Housing NAHB Income Subcontracting 85

Pro Builder

MARCH 21, 2022

Home Value Appreciation Outpaced Median Salaries Across 25 Metros in 2021. Home prices rose faster than median incomes in the majority of metro areas tracked by Zillow in 2021. metros tracked by Zillow in 2021, compared to just five metro areas where home value appreciation outpaced median income in 2020, CNBC reports.

Metro 52

Metro St. Louis San Jose San Francisco 52

Pro Builder

OCTOBER 13, 2021

Tight Housing Market Causes Supply Issue. Wed, 10/13/2021 - 09:02. Some analysts say too many houses are being built— homebuilders disagree. A discrepancy between population decline and building rates for single-family and multi-family homes is generating greater market competition and driving up prices for house hunters. .

Housing 98

Housing Income Materials 98

Pro Builder

FEBRUARY 7, 2023

After dropping to 11% in 2021, multigenerational buying is back near an all-time high at 14%, led by Gen Xers who are caring for aging adults and younger generations moving back into their childhood homes. First-time buyers, who have a median age of 36, also are more likely to say their adult children have not yet left the nest.

Housing 98

Housing Income 98

Pro Builder

APRIL 27, 2022

Sun Belt Buyers Need 40% More Income to Afford a Home. from 2021, while homebuyers in Phoenix must earn $87,026 to afford the area’s typical monthly mortgage payment of $2,176, a 45.7% Meanwhile, the average monthly mortgage payment reached $1,910 in March 2022, up from $1,423 in March 2021 and $1,280 in March 2020.

Income 52

Income Tampa Phoenix Housing 52

Pro Builder

MARCH 9, 2023

America’s Rental Housing Report—One Year Later ldeakins Thu, 03/09/2023 - 11:39 One year ago, Harvard's Joint Center for Housing Studies released its 2022 Rental Housing Report at a tumultuous time for the rental market. million households in 2021. This was a 1.2

Housing 52

Housing Income 52

Pro Builder

NOVEMBER 4, 2021

America’s Top Boomtowns of 2021. Thu, 11/04/2021 - 09:45. The Northwest is home to six of the nation’s top ten boomtowns, where increased housing and low unemployment rates are helping local economies recover from the pandemic. Housing Markets. SmartAsset reveals the top ten cities making a post-pandemic recovery.

Income 52

Income Housing America Employment 52

Pro Builder

JULY 14, 2021

How Does Inflation Affect the Housing Market? Wed, 07/14/2021 - 10:59. The consumer price index does not even consider housing units as part of the shelter category. The cost of shelter for renter-occupied housing is rent. Housing isn’t like other goods. For a start, housing is a very basic necessity.

Housing 98

Housing Income Statistics Insurance 98

Pro Builder

APRIL 12, 2021

Biden Proposes 15% Budget Increase for HUD Aimed at Affordable Housing. Mon, 04/12/2021 - 09:11. Department of Housing and Urban Development’s budget by 15%, with funds aimed at boosting affordable housing. This includes $180 million to put up 2,000 new units for affordable housing for the elderly and disabled.

Budgeting 102

Budgeting Budget Housing Income 102

Pro Builder

NOVEMBER 1, 2021

Housing Market. Mon, 11/01/2021 - 10:07. A nationwide supply shortage drove up home prices and market competition throughout 2021, breaking market records and driving away large segments of would-be homebuyers. . The Case-Shiller Index shows home prices jumped from 7% to 19% from September 2020 to June 2021.

Housing 97

Housing Inventory Statistics Income 97

Pro Builder

MAY 7, 2021

Housing Affordability Dips in First Quarter. Fri, 05/07/2021 - 09:40. Housing affordability slipped slightly from the fourth quarter of 2020 to the first quarter of 2021 due to building material costs, supply shortages, and mortgage rate increases, says the National Association of Home Builders (NAHB). income of $79,900.

Housing 52

Housing Los Angeles Long Beach Income 52

Pro Builder

APRIL 18, 2023

metros in 2021, 19 million households met the criteria for Housing Choice Voucher eligibility, but only 2 million vouchers were available, Zillow reports. This deviation between rent and income growth has caused more renter households to become rent burdened, exacerbating the need for housing assistance for many households.

Housing 52

Housing Income Metro Finance 52

Pro Builder

DECEMBER 12, 2021

Solutions to Housing Affordability. Sun, 12/12/2021 - 08:00. So when I gave you, our readers, the opportunity to submit a write-in response to the question: “What’s needed to enable more affordable housing?” within our annual housing forecast survey (see the results on page 17), I got what I deserved from more than 300 of you.

Housing 98

Housing NAHB Regulation Forecasting 98

Pro Builder

OCTOBER 22, 2021

More House Hunters Are Seeking Out Diverse Neighborhoods. Fri, 10/22/2021 - 10:04. How the housing market is prioritizing inclusivity. housing market adapts to a more diverse national population, developers are pushing for more inclusive housing for ??economically, As the U.S.

Housing 105

Housing Washington Equity Income 105

Pro Builder

MARCH 24, 2022

Property Taxes Made Up the Largest Share of State and Local Tax Receipts in 2021. billion in state and local tax receipts throughout 2021. of state and local tax receipts from the fourth quarter of 2020 to the final quarter of 2021 for a whopping $672.5 Housing Policy + Finance. Thu, 03/24/2022 - 10:37. Financials.

Income 52

Income Accounting Finance Housing 52

Pro Builder

APRIL 2, 2021

Housing Costs are the Top Financial Concern for Older Millennials. Fri, 04/02/2021 - 09:19. The oldest Millennials are turning 40 this year and affordable housing remains a top concern for many in this generation. Scarcity driving up housing costs. Finding affordable housing is a challenge across generations.

Housing 72

Housing Income Debt Budgeting 72

Pro Builder

AUGUST 12, 2021

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.

Income 52

Income Housing Metro Inventory 52

Pro Builder

MAY 28, 2021

Fact or Fiction: Debunking Theories Behind the Housing Shortage. Fri, 05/28/2021 - 09:26. Theories behind the highly competitive housing market range from years of underbuilding to sellers reluctant to list—but are all these reasons true or just speculation? Home prices, rents and incomes were also rising 3%–5% in 2019.

Housing 98

Housing Income Comparison Risk 98

Pro Builder

JANUARY 5, 2022

Increasing the tariffs acts as a huge tax increase on American homebuyers and renters, who experience higher housing costs as tariffs drive up the cost of lumber. This comes as millions of American households are already paying too much of their income for housing. Tariffs on Canadian Lumber Will Hurt U.S.

Housing 98

Housing NAHB Negotiation Residential 98

Pro Builder

JANUARY 11, 2021

The 2020 Housing Issues Sticking Around This Year. Mon, 01/11/2021 - 09:13. Low inventory, high home prices, working from home, rising home values—all these factors were a part of the flourishing housing market this year, but will they continue on through 2021? Yun predicts home prices will rise by 3 percent in 2021.

Housing 59

Housing Income Inventory Washington 59

Pro Builder

JANUARY 19, 2023

Housing Starts Slowed in December as Buyer Demand Continued to Soften ldeakins Thu, 01/19/2023 - 11:07 Home builders held off on new-construction projects in December as soaring mortgage rates put a dent in homebuyer demand Housing starts fell 1.4% from December 2021. from November to December, reaching a total of 1.38

Housing 52

Housing Permits Income Estimating 52

Pro Builder

JANUARY 21, 2022

Home Affordability Report Shows Increased Pressure for Affordable Housing. Housing affordability continues to be a hot topic, as demand for homes outpaces supply and wage growth fails to keep pace with home-price appreciation . Unmet demand for housing continues to drive home prices higher, as median sales prices on homes in the U.S.

Housing 105

Housing Insurance Debt Income 105

Pro Builder

JUNE 17, 2021

Pandemic Exposed Deep Housing Issues, Says Harvard Report. Thu, 06/17/2021 - 10:40. The pandemic exposed the housing industry’s long standing shortfalls, and although construction ramped up to historic levels this year, there’s a long way to go. cbroderick. Bloomberg reports aging rental units have a $45 billion repair backlog.

Housing 66

Housing San Jose Income Metro 66

Pro Builder

FEBRUARY 9, 2021

Housing Affordability Faces Looming Challenges. Tue, 02/09/2021 - 09:15. Low mortgage rates buoyed housing affordability as home prices hit record highs during the fourth quarter of 2020. Housing prices reached $320,000 during the fourth quarter of 2020 as mortgage rates fell to 2.85%. cbroderick. There, just 9.1

San Francisco 52

San Francisco Housing Los Angeles Long Beach 52

Pro Builder

MARCH 9, 2022

First-Time Homebuyers Found No Relief From Rising Prices in Q4 2021. 2021 came to a close with unfavorable market conditions for first-time buyers after consecutive monthly gains in home prices. times median first-time home buyer income and 5.3 times median first-time buyer income, Cleveland (3.1), St. Housing Markets.

St. Louis 52

St. Louis San Jose Los Angeles San Diego 52

Pro Builder

DECEMBER 28, 2021

Tue, 12/28/2021 - 14:15. Of SmartAsset’s 50 fastest growing metropolises in the nation, six Northwestern cities finished in the top 10, according to The New York Times , though Murfreesboro, Tennessee came out on top thanks to its minuscule unemployment rate and fast-growing median household income. Housing Markets.

Idaho 97

Idaho Income Metro Nashville 97

Pro Builder

OCTOBER 1, 2021

Working to Improve Access to Affordable Housing. Fri, 10/01/2021 - 06:00. NAHB Policy Briefing | Urging the Biden administration to do more for affordable housing; multifamily growth in the suburbs and beyond. Solving the Housing Affordability Crisis Requires Reshaping Public Policy. National Association of Home Builders.

Housing 59

Housing NAHB Metro Finance 59

Pro Builder

FEBRUARY 9, 2022

Housing Affordability Drops to Lowest Level in a Decade as Construction Costs Mount. Rising interest rates and seemingly endless supply chain disruptions are driving up home costs, leading to the lowest affordability level on record, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI).

Housing 52

Housing Income NAHB Construction 52

Pro Builder

JANUARY 12, 2021

Housing is Most Unaffordable in West, Northeast Regions. Tue, 01/12/2021 - 10:26. The National Association of Realtors’ housing affordability index increased 1.2 The median family income advanced 1.7% median family income of $82,783 which is more than twice the qualifying income of $38,256). cbroderick.

Housing 52

Housing Income Accounting 52

Pro Builder

NOVEMBER 1, 2022

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

Housing 98

Housing Inventory NAHB New York City 98

Pro Builder

DECEMBER 16, 2021

Southern Housing Markets See Strong Growth and Greater Affordability. Thu, 12/16/2021 - 09:32. Hastened by remote work flexibility and a record-breaking housing market leaving few available options elsewhere, migrating Americans are finding hidden gems among southern markets with strongly anticipated home price appreciation. .

Housing 52

Housing Metro Income Dallas 52

Pro Builder

APRIL 5, 2021

Time to Bring Housing Home to Elected Officials. Mon, 04/05/2021 - 09:29. NAHB is promoting "Bringing Housing Home," an outreach for builders to meet and contact their elected officials about issues affecting the industry. As part of that effort, NAHB is conducting Bringing Housing Home on May 3-7.

Housing 98

Housing NAHB Income Education 98