Utah Passes Bill to Regulate Modular Construction at the State Level
Goals for housing innovation and affordability meet in the 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
The Garden State Takes a New Approach to Expanding Affordable Housing
Recent legislation in New Jersey could provide inspiration for eliminating affordable housing hurdles in other places with strong housing markets
Will NAR's Landmark Commissions Settlement Lower Housing Costs?
The $418 million deal changes long-standing rules—written and unwritten—that consumers claim inflated sales commissions for home sellers, including new-home builders
Biden's Proposed Fixes for Housing Affordability
In his State of the Union address, President Biden proposed several actions to improve housing affordability and supply
Biden Administration Extends Federal Housing Financing Program
Funds from the program are used to develop or rehabilitate affordable rental homes, helping boost US housing supply
Housing Markets
Home Prices Rose in 70% of Metros During the First Quarter of 2023
The U.S. housing market is cooling, but in a few major metros, home prices continue to rise
Market Data + Trends
Share of Americans Who Say Now Is a Bad Time to Buy a Home Reaches 45-Year High
Just one in five Americans think now is a good time to buy a home—the lowest share recorded since Gallup began tracking homebuying sentiment 45 years ago
Housing Markets
The Las Vegas Market Is Cooling, but Prices Are Still Well Above Pre-Pandemic Norms
A few popular metros saw unprecedented growth during a mid-pandemic homebuying boom, and despite a 2023 housing correction, prices are taking longer than expected to come back down
New-Construction Projects
Good News for First-Time Buyers—Home Builders Increase Entry-Level Production
For years, first-time buyers have struggled to afford home purchases in a high cost market with an undersupply of entry-level homes, but as construction costs rise, that could soon change
Government + Policy
House and Senate Introduce Bill to Support Affordable Housing Development
If passed, the Affordable Housing Credit Improvement Act will boost the Low-Income Housing Tax Credit and create a pathway for builders to take on more affordable housing projects
Housing Markets
Where Are Home Prices Falling—and Rising—the Most?
While some metro areas are still seeing strong sales and double-digit growth, others are retreating from their mid-pandemic peaks
Affordability
Home Prices Are Rebounding in the Spring Selling Season
After falling in a winter housing correction, home prices are beginning to rise across the country
Demographics
In the Race to Homeownership, Millennials Are Lagging
Buying a home in today's high-cost housing market isn't a feat for the weak, and Millennial buyers who are making their first home purchase face the biggest challenges
New-Home Sales
Are the Days of Builder Incentives Coming to an End?
For the past several months, home builders have offered prospective buyers mortgage rate buydowns to make new-home purchases more affordable, but as the market stabilizes, those incentives may be coming to an end
Financing
Home Prices Are Increasing, but Buyer Sentiment Is on the Rise—Here’s Why
Homebuyers delayed by soaring borrowing costs are finding a window of opportunity as the Federal Reserve prepares to pause its rate hikes
