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Housing Affordability

All articles tagged with #housing affordability

Bipartisan housing bill becomes law as Trump withholds signature
us-politics1 day ago

Bipartisan housing bill becomes law as Trump withholds signature

The 21st Century ROAD to Housing Act, the first major federal housing-affordability bill in three decades, became law after Congress passed it with broad bipartisan support and President Trump did not sign it; under a 10-day waiting period it took effect without his signature. The law aims to boost housing supply by encouraging local zoning reforms, streamlining environmental reviews, reducing costs for manufactured homes, and restricting large investors from buying single-family homes, a package welcomed by homebuilders, lenders and related groups as median U.S. home prices rise to record highs.

via Yahoo Finance|
#housing#housing-affordability#legislation
Housing-supply bill could ease affordability, but relief appears years away as rates hover near 6.5%
economy2 days ago

Housing-supply bill could ease affordability, but relief appears years away as rates hover near 6.5%

Mortgage rates sit around 6.49% for a 30-year fixed, while existing-home sales fell 2.4% in June. A bipartisan bill—the 21st Century Road to Housing Act—aims to boost supply by easing manufactured housing and funding repairs, and is set to become law automatically unless vetoed. Analysts say any meaningful relief in prices or availability will take time, though forecasts suggest rates could drift toward about 6.3% by late 2026, with prices remaining high in the near term.

via CNN|
#economy#existing-home-sales#housing-affordability
Gen Z's Housing Reality: Record Rates Living at Home Delay Homeownership
real-estate3 days ago

Gen Z's Housing Reality: Record Rates Living at Home Delay Homeownership

Gen Z is delaying homeownership with a record share of 25- to 34-year-olds living with parents or grandparents—nearly 20%, about 7.5 million people—as entry costs rise, starter homes shrink, and rents have jumped up to about 30% since 2020. Even many employed young adults face a housing-cost hurdle, not just a weak job market, leading economists to expect Gen Z to catch up to prior generations only once conditions improve.

via Business Insider|
#gen-z#homeownership#housing-affordability
politics19 days ago

McConnell Absence Delays Senate Appropriations, Signals Short Week

Senate Republican Leader Mitch McConnell will not vote this week while he recovers from hospitalization, delaying planned Senate Appropriations markups and signaling a two-week recess; meanwhile the bipartisan 21st Century ROAD to Housing Act passed the Senate 85-5 and moves to the House for final passage, highlighting ongoing cross-chamber negotiations amid broader budget discussions.

via Politico|
#appropriations#bipartisan#housing-affordability
US Housing Crisis Deepens: Fewer Homes, Higher Costs, Wider Burdens
economy24 days ago

US Housing Crisis Deepens: Fewer Homes, Higher Costs, Wider Burdens

Harvard's 2026 State of the Nation’s Housing finds persistent affordability challenges and economic uncertainty dampening mobility: only 1.1 million new households formed in 2025 and 11.2% relocated in 2024. Millions of households spend large shares of income on housing (20.7 million homeowners >30% and 9.6 million >50%; about half of renters, 22.7 million, are cost-burdened with 12.1 million severely burdened). Roughly 11 million extremely low‑income households compete for just 3.8 million affordable rental units. Aging homes raise maintenance costs, and burdens disproportionately hit renters in Florida/Nevada and homeowners in California/Hawaii, with Black and Hispanic homeowners more likely to be cost-burdened than White owners.

via USA Today|
#aging-housingmaintenance-costs#cost-burden#economy
Congress poised to curb investor single-family home purchases to boost housing supply
politics24 days ago

Congress poised to curb investor single-family home purchases to boost housing supply

A bipartisan housing bill clearing House and Senate details would cap major investors’ purchases of single-family homes at 350 while permitting build-to-rent, omit a mandatory sell-off provision, and push for swift passage with an expected signing by month’s end. Key figures Sen. John Thune and Sen. Elizabeth Warren frame the measure as boosting supply and limiting private equity’s influence in housing as it moves toward final approval.

via CNBC|
#housing-affordability#investor-buying#legislation
May Existing-Home Sales Rise 3.2% as Inventory Edges Up
business1 month ago

May Existing-Home Sales Rise 3.2% as Inventory Edges Up

May data from the National Association of REALTORS® show existing-home sales up 3.2% month-over-month and year-over-year to a seasonally adjusted annual rate of 4.17 million; gains occurred in the Northeast, Midwest, and South, while the West was unchanged. Inventory rose to 1.55 million homes (about 4.5 months’ supply), and the median price reached $429,300, up 1.3% from a year ago. The Housing Affordability Index was 105.6, with mortgage rates at about 6.44% in May. First-time buyers accounted for 35% of sales, cash buyers 25%, and investors 14%; 29 days was the median time on market. The report cites improving affordability and ongoing supply constraints as key drivers.

via National Association of REALTORS®|
#business#existing-home-sales#housing-affordability
The California Exodus: Cheaper Homes, Soaring Prices Elsewhere
california1 month ago

The California Exodus: Cheaper Homes, Soaring Prices Elsewhere

New data show that while many Angelenos fled to cheaper cities, those destinations have since seen faster rent and home-price growth, narrowing the savings from leaving California; a Times analysis finds all 10 top destinations for L.A. migrants from 2020–2025 now have higher cost-of-living increases than L.A., though they still remain cheaper overall than Los Angeles, and housing affordability remains a national challenge.

via Los Angeles Times|
#california#cost-of-living#housing-affordability
Charlotte Nears 1 Million as Growth Tests Infrastructure and Patience
local1 month ago

Charlotte Nears 1 Million as Growth Tests Infrastructure and Patience

Charlotte is racing toward 1 million residents, with 20,731 people added between 2024 and 2025—the most of any U.S. metro—bringing the city to about 964,784 and heightening concerns that rapid growth is reviving the crowded, costly conditions it drew people away from. While still cheaper than peer cities, housing affordability is eroding as incomes lag home-price gains (median values rising from about $238k in 2019 to roughly $407k today). Planners are pushing density along transit corridors and pursuing transit upgrades, even as debates over toll lanes and major projects linger after Mecklenburg County approved a 1-cent transportation sales tax.

via Axios|
#charlotte#housing-affordability#infrastructure
House advances bipartisan bill capping mega-investor purchases
politics1 month ago

House advances bipartisan bill capping mega-investor purchases

The House passed a bipartisan housing affordability bill 396-13 that would curb major investors owning 350+ single-family homes from acquiring more properties while permitting them to build additional housing; the White House supports changes intended to balance restrictions with build-to-rent provisions, but Senate approval remains uncertain amid concerns over forced sales and potential effects on homeownership.

via CNBC|
#bipartisan#build-to-rent#housing-affordability
UC workers threaten open-ended strike, threatening campus dining and hospital services
education1 month ago

UC workers threaten open-ended strike, threatening campus dining and hospital services

More than 40,000 UC workers across campuses and medical centers plan an open-ended strike Thursday over higher wages, lower healthcare costs, and housing affordability, potentially disrupting medical appointments and campus dining while UC hospitals stay open with contingency staffing. UC has offered up to 34% wage increases over three years plus a $2,000 ratification bonus and caps on premium increases, but the union says offers exclude many workers and housing remains unaddressed.

via Los Angeles Times|
#afscme-3299#education#healthcare-costs
California governor debate exposes fault lines as Becerra faces heat over healthcare and donors
politics2 months ago

California governor debate exposes fault lines as Becerra faces heat over healthcare and donors

CNN's two-hour Los Angeles debate placed Xavier Becerra under heavy attack over his HHS tenure and campaign-finance ties, while rivals sparred on single-payer health care and California’s CalCare concept, sanctuary-state policy, housing, and a proposed billionaire tax; with no clear frontrunner in a sprawling field, the high-stakes race for California’s next governor remains volatile ahead of the June primary.

via Los Angeles Times|
#calcare#california-governor#housing-affordability