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Middle-Income Buyers Face the Nation’s Biggest Housing Shortage

Pro Builder

Middle-Income Buyers Face the Nation’s Biggest Housing Shortage ldeakins Tue, 06/13/2023 - 11:05 Middle-income buyers can afford to buy less than one-quarter of listings in today's housing market The U.S. A two-fold approach is needed to help with both low affordability and limited housing supply.

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Biden Announces Housing Supply Action Plan to Boost Inventory Nationwide

Pro Builder

Biden Announces Housing Supply Action Plan to Boost Inventory Nationwide. The Biden administration recently announced a Housing Supply Action Plan meant to end the current housing shortage within just five years by offering financial incentives for communities and builders approving and constructing lower-priced housing, Realtor.com reports.

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Will the US Fill Its Shortage of Affordable Homes?

Pro Builder

will fill its shortage of affordable homes, a gap that widened by more than 500,000 units during the pandemic to what the National Low Income Housing Coalition estimates is a national shortage of 7.3 million homes for extremely low-income renters, The New York Times reports.

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Homebuilders Keep a Steady Pace as the Market Cools

Pro Builder

The housing market is cooling, asking prices are dropping, and inventory is on the rise across the U.S., but when it comes to existing home sales versus new construction, sellers and builders are seeing very different market outlooks. Importantly, people still have their jobs and incomes, so that buyer pool still exists.

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Top U.S. Home Builders Report Strong Sales Despite Rising Mortgage Rates

Pro Builder

Even as mortgage rates reach new highs, a lack of available housing inventory is driving up demand and keeping home builders busy in every regional market. In short, demand was strong, available inventory was scarce and the incoming supply is limited.”. New-Construction Projects. Market Data + Trends.

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How a Housing Shortage and High Prices Are Hurting the Middle Class

Pro Builder

Home prices are quickly exceeding home buyer budgets as limited inventory pushes affordability further out of reach. Buyers with a household income between $75,000 and $100,000 are limited to roughly 51% of total homes listed for sale, compared with 58% in 2019. How a Housing Shortage and High Prices Are Hurting the Middle Class.

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Will the US Fill Its Shortage of Affordable Homes?

Pro Builder

will fill its shortage of affordable homes, a gap that widened by more than 500,000 units during the pandemic to what the National Low Income Housing Coalition estimates is a national shortage of 7.3 million homes for extremely low-income renters, The New York Times reports.

US 52