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
Affordability
Making Sense of National Housing Shortfall Estimates
Is it 1.5 million homes, 5.5 million, or more? Why is there so much disparity in housing shortfall estimates?
Affordability
More Americans Are Moving House in Search of Affordability
Lack of affordable homes is motivating some households to relocate to other cities, states, and even regions as they seek a cheaper place to live
Off-Site Construction
What's Standing in the Way of Home Builders Adopting Off-Site Methods?
Findings from Home Innovation Research Labs show home builders continue to embrace the status quo when it comes to adopting new methods, but results vary by builder type and region
Affordability
The Increasing Disconnect Between Home Prices and Income
With the rapid rise in home prices since the start of the pandemic, home price-to-income ratios have hit all-time highs in 78 of the 100 largest U.S. markets
Market Data + Trends
Data Show New-Home Construction Starts Slowed at the End of 2023
Despite falling mortgage rates and a continuing shortage of housing inventory, the annual pace of new-home construction slowed in December
Market Data + Trends
As Interest Rates Fall, Builder Sentiment Rises
A drop in mortgage rates to below 7% in the past month has led to a marked boost in builder confidence as we roll into 2024
Demographics
Report: What Lengths Would Millennials Go to to Own a Home?
Millennials are so desperate to own a home that, even in a pricey market, 78% would consider accepting an interest rate higher than the national average
Market Data + Trends
Mapping the Counties Most at Risk of Increased Home Insurance Costs
A look at which counties are expected to face the greatest risk for insurance shocks due to fire, wind, and flood risk going forward
Build to Rent
Rental Housing Data for December Offer a Range of Mixed Signals
Zillow's latest rental market report shows annual rent growth has stabilized, but rent decreases vary by market and affordability remains a challenge
Master Planned Communities
Report Identifies Top-Selling Master Planned Communities of 2023
In the recently released report from RCLCO, Florida and Texas had the most sales among top-ranked MPCs of 2023 and Houston was the top-performing metro area