article thumbnail

New York City Faces Escalating Housing Crisis as Thousands Fall Behind on Rent

Pro Builder

New York City Faces Escalating Housing Crisis as Thousands Fall Behind on Rent ldeakins Tue, 01/24/2023 - 11:39 The New York City Housing Authority collected its lowest share of rent payments on record in 2022, and as housing costs continue to soar, the agency faces a dire financial crisis Over 1,600 public housing agencies across the U.S.

article thumbnail

Homebuyers Unable to Find Traditional Mortgages Are Trying Out Alternative Financing

Pro Builder

Homebuyers Unable to Find Traditional Mortgages Are Trying Out Alternative Financing. Some homebuyers who are unable to secure traditional mortgages are taking a risk and turning to alternative financing options that lack consumer protections. Housing Policy + Finance. New-Home Sales. Financing.

Finance 98
professionals

Sign Up for our Newsletter

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

article thumbnail

New York Build 2016 Conference

Construction Marketing

The New York Build 2016 ( March 7th & 8 th ) focuses on a range of topic areas from construction regulation, major projects and upcoming contracts to sustainable building and the latest construction technology. The leading new construction exhibition will focus exclusively on New York and New York State.

New York 120
article thumbnail

Top 25 Finalists for Ivory Innovations' Housing Affordability Prize

Pro Builder

Top 25 Finalists for Ivory Innovations' Housing Affordability Prize esorum Thu, 03/16/2023 - 09:09 This year’s finalists in the Construction & Design category include solutions to the labor shortage as well as environmentally friendly building solutions focused on decreasing construction time.

article thumbnail

New York State Lawmakers Debate Transition to Renewable Energy

Pro Builder

New York State Lawmakers Debate Transition to Renewable Energy. New York lawmakers are considering a proposal to transition the construction of all new buildings to be powered by electricity, a progressive approach to housing that would reduce statewide carbon emissions but hurt the natural gas industry.

article thumbnail

A Quarter of American Homeowners Are Considered ‘House Poor'

Pro Builder

are considered “house poor,” meaning they spend more than 30% of their income on housing costs. are considered “house poor,” meaning they spend more than 30% of their income on housing costs.

Housing 52
article thumbnail

How Down Payment Loans Affect the Housing Market

Pro Builder

How Down Payment Loans Affect the Housing Market. As financial standards for loans are getting tighter, potential homebuyers are losing out to all-cash offers or higher down payments from other buyers in an ultracompetitive housing market. New-Home Marketing. Housing Markets. Fri, 10/15/2021 - 09:43.

Housing 110