Workforce Housing- Zoning and Entitlement Challenges
In traditional real estate parlance, housing for middle-market customers is workforce or Class B housing. Many in the industry today prefer the term “attainable housing.” Whatever the name, in many markets, there isn’t enough of it, and prices can be a strain for those who need it.
Key Facts about Housing Affordability in the US
A variety of factors have set the stage for the financial challenges American homeowners and renters have been facing in the housing market, including incomes that haven’t kept pace with housing cost increases and a housing construction slowdown. A surge in homebuying spurred by record low mortgage interest rates during the COVID-19 pandemic has further strained the availability of homes.
2022 State of Nation's Housing Report
Harvard University’s annual State of the Nation’s Housing report, sponsored by Habitat for Humanity, provides key insights into the U.S. housing market’s impact on renters and homebuyers. The 2022 edition yields four major takeaways for Habitat’s work and the communities we serve:
The State of the Nation's Housing 2022
For lower-income households and households of color, though, the pressure of high housing costs is unlikely to relent. The surge in prices for gas, food, and other necessities has made matters worse, especially now that emergency government supports are ending. The housing stock itself is in dire need of reinvestment to meet the demands of a rapidly aging population and the threats posed by climate change.
As a Savannah-based home builder with more than 40 years of experience, I have seen that every year, entry-level housing is increasingly difficult to build. I am not alone. There are many reasons why builders across the U.S are unable to build affordably priced homes targeted to the critical first-time home buyer:
Solving the Housing Crisis Means Building Even When No One Wants to Buy
Right now, builders have too many homes and not enough people to sell them to. In the long term, the United States has the opposite problem: Not enough houses for all the people who want them.
The Shrinking of the Middle Class Neighborhood
When Ashley Broadnax thinks of the East Nashville neighborhood she grew up in during the ’90s, the images that rush in have a modest, middle-class tinge.