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NAHB Releases Its 2022 “Priced Out” Estimates, and They Could Spell Trouble for Thousands

Pro Builder

are not able to afford a new median priced home in 2022, according to NAHB’s Eye on Housing, meaning that 69% of Americans have incomes that are insufficient to qualify for a mortgage under standard underwriting criteria. Roughly 87.5 million households across the U.S. Affordability. Market Data + Trends. Housing Markets. Affordability.

NAHB 59
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UPDATE: New Plan for NJ's Trust Fund Stalemate

Construction Equipment

Their plan would give New Jersey drivers a maximum $500 income-tax deduction for gas-tax spending and a $3,000 annual income-tax exemption to veterans. A new plan to fund the New Jersey Transportation Trust Fund was released Friday by New Jersey Senate President Steve Sweeney and Assembly Speaker Vincent Prieto. cents a gallon.

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NJ Angel Investor Tax Credit Program Injects $125M In Tech Companies

Buisness Facilities Contributed Content

NJ Angel Investor Tax Credit Program Injects $125M In Tech Companies originally appeared on Business Facilities - Economic Development, Site Selection & Workforce Solutions. Check out Business Facilities’ New Jersey Incentives and Workforce Development Guide. Related articles across the web.

NJ 40
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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson. NJEDA approved a significant Grow NJ award of up to $39.5 Laurel, NJ.

Zoning 47
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SMPS selects Craig Galati as president-elect

Construction Marketing Ideas

Townes, AIA, FSMPS, CPSM, director business development, Van Note-Harvey Associates, PC, Princeton, NJ. The SMPS board selected incoming president-elect Craig S. Shuck, FSMPS, CPSM, firm-wide marketing communications manager, Wilson & Company, Omaha, NE. Fellows Delegate: Thomas S. At-Large Delegate: Carla D. Isaacs, P.E.,

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EPA Celebrates 20 Years Of Superfund Redevelopment

Business Facilities

These businesses employed more than 195,000 people who earned a combined income of $13 billion. Examples of how Superfund redevelopment has transformed communities include: Jersey City, NJ: The 87-acre PJP Landfill site is where the PJP Landfill Company accepted chemical and industrial waste from 1970 to 1974.

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Starter Homes Are Becoming Increasingly Unaffordable, Even in Secondary Markets

Pro Builder

a secondary city of the Los Angeles metro, the average renter household income was $63,127 in 2021, but the amount needed to afford the area’s average mortgage payment was triple that at $192,616. Such was the case in Yonkers, NY, and Paterson, NJ. In markets such as Burbank, Calif.,