How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
What Is the Relationship Between Urban vs. Suburban Development and Affordability?
A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable
New Study Examines Barriers and Solutions in Manufactured Housing
The study from Harvard's Joint Center looks at the challenges faced by developers using manufactured housing and how they're overcoming those barriers
The Disappearing Act That Is Middle-Income Housing
An expert weighs in on the diminishing supply of middle-income housing, which is particularly acute in California, and what to do about it
Utah Passes Bill to Regulate Modular Construction at the State Level
Goals for housing innovation and affordability meet in Utah's passage of a new bill that establishes a statewide modular construction program
Affordability Improves, but the Average Worker Still Struggles to Afford a Home
Homeownership around the U.S. continues to require historically large portions of worker wages, a new housing-affordability report finds
New-Construction Projects
Habitat for Humanity Builds Affordable Housing for Orange County Families
Volunteers with Habitat for Humanity Greater Orlando and Osceola County are building 19 homes for local families
New-Construction Projects
How One Colorado City Paved the Way for In-Demand Affordable Senior Housing
The city of Durango, CO donated 1.5 acres of land for affordable senior housing
Financing
Billionaire MacKenzie Scott Is Donating Two of Her Homes to Fund Affordable Housing Initiatives
MacKenzie Scott is donating two mansions worth a combined $55 million to fund affordable housing initiatives in LA
Remodeling
Report Finds Existing US Housing Stock Still Needs More Investment
Despite the pandemic boom in remodeling, a new report from Harvard's Joint Center for Housing Studies finds many U.S. homes still require critical replacements and repairs
House Review
Down Payments Are Shrinking, but Not in These Pricey Metros
The typical down payment is 10% smaller than it was a year ago, but buyers in these costly metros are still dishing out the big bucks for home purchases
Builders
Home Builder Incentives and Price Reductions Are Finally Paying Off
Home building company KB Home reported a drop in cancellations at the start of 2023 after a major slowdown in buyer activity during the final quarter of 2022
New-Construction Projects
In These States, It May Actually Be Cheaper to Build Than to Buy
As homebuying obstacles mount, building a home is more affordable than purchasing one in these states
Affordability
Homebuyer Demand Is Rising, but Sellers Are Slow to Respond
Homebuyers are making a market comeback after months of stagnant activity, but elevated interest rates are keeping sellers glued to the sidelines
Market Data + Trends
Median Home Prices Just Fell for the First Time in a Decade
Existing-home sales rebounded for the first time in 12 months in February as median home prices posted their first decline in a decade
Affordability
How Many Households Are Priced Out by Rising Mortgage Rates?
Soaring interest rates are pricing a growing number of Americans out of the new-home market, and that share is expected to keep rising as the Fed sends borrowing costs even higher
