A new report from Irvine, Calif.-based John Burns Consulting reports $83 million worth of sales a year — about 8 percent of all home sales — don’t materialize because 5.9 million consumers younger than 40 are paying $250 or more per month on student loans. That’s triple the number who had payments that high in 2005, the study says. A monthly $250 loan payment, the report estimates, reduces the debtor’s home borrowing purchasing power by $44,000.
Advertisement
Related Stories
Codes + Standards
Public Comment Period Opens for National Green Building Standard Updates
The 45-day public comment period for draft 2 of the 2024 NGBS begins on April 12, 2024
Codes + Standards
Public Comment Period Opens for 2024 National Green Building Standard Update
The 45-day public comment period opened Aug. 18, and comments must be submitted by Oct. 2, 2023
Codes + Standards
The Inefficiencies of the Latest Energy Code
The 2021 edition of the International Energy Conservation Code (IECC) hampers the return on investment for builders and homebuyers
