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Record Appreciation Is Sending Homeowner Wealth Soaring

Pro Builder

Middle-income homeowners have seen their properties appreciate by 68% since 2012, amounting to $122,100 in equity wealth, according to the National Association of Realtors. Similarly, low-income homeowners reported $98,900 in equity gains, and upper-income households accrued $150,800 in equity.

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How Rent Control May Actually Be Hurting Cost-Burdened Tenants

Pro Builder

Additionally, existing rent regulations in costly metros like New York City often don’t include income tests, meaning that those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent stabilized units.

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How Rent Control May Actually Be Hurting Cost-Burdened Tenants

Pro Builder

Additionally, existing rent regulations in costly metros such as New York City often don’t include income tests, so those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent-stabilized units.

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As Rental Costs Rise, a Key Form of Housing Assistance Is Falling Behind

Pro Builder

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.

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Working to Improve Access to Affordable Housing

Pro Builder

Working to Improve Access to Affordable Housing. NAHB Policy Briefing | Urging the Biden administration to do more for affordable housing; multifamily growth in the suburbs and beyond. Increase the supply of manufactured housing and two- to four-unit properties by expanding financing through Freddie Mac. .

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Working to Improve Access to Affordable Housing

Pro Builder

Working to Improve Access to Affordable Housing. NAHB Policy Briefing | Urging the Biden administration to do more for affordable housing; multifamily growth in the suburbs and beyond. The White House plan seeks to: • Leverage existing federal funds to spur action that reduces exclusionary zoning. in small metro urban cores.

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HUD Announces Plans to Reintroduce Obama-Era Rule to Combat Housing Discrimination

Pro Builder

HUD Announces Plans to Reintroduce Obama-Era Rule to Combat Housing Discrimination ldeakins Fri, 01/20/2023 - 09:52 The Department of Housing and Urban Development (HUD) is working to bring back a fair housing rule that will address and rectify discriminatory zoning laws The U.S.