A drop in permitting activity over the past year could sustain supply and affordability challenges for already strained inventories across the country
Bellevue, WA April 2, 2024-- Innovative Real Estate company Legacy Group Capital raises $20 million in growth capital, reaffirming its leadership across core real estate pillars.
This is a big week for housing data. We learned Monday that homebuilders are feeling pretty optimistic about the housing market.
Privately‐owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,518,000. This is 1.9 percent above the revised January rate of 1,489,000 and is 2.4 percent above the February 2023 rate of 1,482,000.
Median size of a new home being built in the US today is 4% smaller than it was last year Facebook Twitter Comments Print
Realtor.com's Hannah Jones spoke to Business Insider about the housing crisis, ways to solve this, and what the housing market may look like in 2024.
US housing markets continue to struggle with a growing shortage of new homes, the result of more than a decade of under-building relative to population growth.
Between 2012 and 2022, America saw 6.5 million more households formed than single-family homes built. And there was hardly a glut of homes at the start of that decade. Talk about a housing shortage.
The president and his team are seeking ways to help Americans afford to rent and buy homes, as high borrowing costs dampen views of the economy.
For those of us hoping innovative startups might succeed in solving the affordable housing shortage, recent news has not been reassuring.
Intransigent capital is the clear answer and the usual suspect
With volumes about 40% down from their 2022 peak, increasing numbers of families are opting out of homeownership. High prices and high interest rates coupled with tight supply make life tough if you are looking to buy.
The title says it all. Businesses that do well when normal people suffer-- is that what we want?
Even if rent growth is slowing, do you really want to be a permanent renter? Probably not. You probably want a good path to homeownership but the rates and rules keep changing on you.
Even with all the doom and gloom in housing, homes are still priced very high- too high for millions of families who just need a bit of help to get into homeownership.
There you have it. Housing has gotten to the point in the US that half of all renters can't become homeowners.
The smart folks at @HousingWire got it right- affordability indeed remains a challenge. The income required to buy the same house has doubled over the past two years, pushing more families out of homeownership.
The title says it all. First-time homebuyers are caught in a vise. Or in coarser terms, they are "screwed."
Over the past few years, an inventory shortage, coupled with high housing demand, has fueled rising home prices.
Statistics and data can cut many ways. On the one hand, we understand that affordability is a major issue in the market (that's why we built @RookCapital)
Economists and Pundits always opine. In Housing, the exchange of rigid opinions is common.
