How Much Must American Renters Earn to Afford Average Rental Prices?
US rents have increased 3.6% year-over-year, pushing the amount renters must earn to afford average rents to around $80K
Survey Shows Confidence Drop in Multifamily Development in Q1 2024
Current sentiment has NAHB projecting that multifamily starts will decrease by 28% during 2024 as developer activity slows
Developers Target Hotels for Adaptive Reuse Projects in Major US Cities
Of the growing number of adaptive reuse projects in 2023, hotel conversions stole the show, surpassing office-to-apartment conversions
Vacation and Investment Home Market Insights
A recent report finds beach homes to be the most sought-after vacation-home type and that the investment potential of a second home is an important factor in the purchasing decision
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
Economics
Consumer Confidence Back to Pre-Pandemic Levels
Consumer confidence reached pre-pandemic levels in May despite short-term inflation expectations. The Conference Board’s Consumer Confidence Index…
Housing Markets
The 20 Hottest Housing Markets in May
Realtor.com’s most recent housing market report found the nation’s hottest cities were smaller, located in the Northeast to West, and gave buyers…
Market Data + Trends
Single-Family Home Prices Up 14.6% in April Nationwide
Home price gains reached the top quartile of growth historically in April as home prices increased 14.6% year over year. That’s up from March’s 13…
Housing Markets
Californians Fuel Austin’s Growing Home Prices and Population
Austin remains the country’s fastest-growing major region for the past 10 years as its population increases by 180 every single day, says the …
Construction
Housing Boom Leaves Small Contractors Behind
Though the housing market faces intense demand, smaller contractors are not reaping the benefits that production builders are. With supply chain…
Demographics
The Next Generation of Buyers Want Homes, Not Rentals
A recent Realtor.com survey found that the majority of Gen Z, now aged between 18 to 25, are more cost-conscious than most and prefer to own a…
Construction
Half of Single-Family Homes Constructed Last Year Were Single-Story
The share of homes with two or more stories and one-story homes constructed last year were equal to one another as single story home construction…
Financials
More Than Half of Buyers Now Put Down 20% or More
Buyers hoping to distinguish themselves amongst a pool of bidders are increasingly putting down more cash and waiving inspection and appraisal…
Market Data + Trends
Has the Housing Market Reached its Peak?
The housing market remains incredibly competitive compared to pre-pandemic times, but buyers have begun to pull back, slightly cooling the market…
Sales
May Median Existing Home Sales Prices Break Records
Existing home sales fell to their lowest level in nearly one year yet reached the highest median home prices on record. Data from the National…