Items Tagged with 'Affordability Crisis'

ARTICLES

  • [Pulse] The housing market has a growing affordability problem, and here's why

    Should Fannie and Freddie step in?
    Since 2012, housing affordability conditions for prospective homeowners have declined. While the causes of this situation are complex, it's clear financing issues are a leading contributor holding back the market. A lack of available financing for acquisition, development and construction (AD&C) debt is restraining construction and increasing costs, and this means that new construction is not keeping pace with demand, signaling the potential for worsening affordability if policymakers don't take note.
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  • Cresset Capital Management and Diversified Real Estate Capital launch Opportunity Zone fund

    Firms join the growing host of investors waiting to pour capital into Opportunity Zones
    Cresset Capital Management and Diversified Real Estate Capital are partnering to launch an investment fund for Opportunity Zones. The Cresset-Diversified fund will be used for real estate development and redevelopment in Opportunity Zones across the nation.
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  • 6 Questions with 6 HUD Executives, Ep. 6: Ginnie Mae EVP and COO Michael Bright

    Bright talks about the affordability crisis, risks to the housing market, what drives him and more
    On this episode of 6 Questions with 6 HUD Executives, HousingWire Editor-in-Chief Jacob Gaffney sits down with Ginnie Mae Executive Vice President and COO Michael Bright to talk about affordable housing, the securities market and Ginnie Mae crossing the $2 trillion threshold.
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  • Churches are taking on the affordable housing crisis

    Houses of faith are turning unused buildings and land into affordable housing projects
    Churches are taking a position on the frontlines of the affordable housing crisis, using their land to create new affordable housing developments. According to a report from Reuters and the World Economic Forum, churches around Washington, D.C., have begun to cobble together a new source of affordable housing supply using their land to stave off the affordable housing crisis.
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  • Bank of America says existing home sales have peaked

    BofA economists say the housing market is in neutral thanks to declining affordability
    Economists at Bank of America Merrill Lynch are waiving the white flag: The largest segment of the housing market has peaked. According to a research note released on Friday, the research team led by Michelle Meyer said: “We are calling it. Existing home sales have peaked.”
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  • Here's the skinny on Opportunity Zones

    What you need to know about Opportunity Zones: pros, cons, goals
    Opportunity zones are probably the buzziest potential solution for the affordability crisis and local economic stimulus out there at the moment. So, here’s the skinny on how they would work, some of the risks they present and what they are meant to accomplish.
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  • Apartment List: Nearly 50% of renters are cost burdened

    Number of cost-burdened renters has been inching down, but it's still a problem
    Nearly 50% of U.S. renters are cost burdened and spend 30% or more of their income on housing. According to Apartment List research, cost burden has been inching down for the last six years, but improvement has been incremental. In 2016, the percentage of cost-burdened renters was 49.7%. In 2017, that number fell just two tenths of percent to 49.5%, the lowest since 2007.
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  • FHFA debuts new housing affordability metric

    New study found that there are differing levels of affordability for certain groups of individuals
    The Federal Housing Finance Agency just debuted a new housing affordability metric that aims to build upon the data already provided by other similar metrics, and what the FHFA found on the metric’s maiden voyage isn’t pretty.
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  • Home builders group: New tariffs on Chinese goods are a tax on housing

    New tariffs are slated to affect materials related to housing construction
    New tariffs against China could add $1 billion in costs to goods involved with housing construction. According to CNBC’s Realty Check, the NAHB estimates that of the 6,000 goods under the umbrella of the latest round of tariffs, roughly 600 products, representing $10 billion in goods, are related to the construction of new apartments and homes.
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