The affordability crisis is impacting prospective homeowners and renters, and rising costs suggest affordability will remain a top housing issue, according to the NAHB.
According to the Federal Reserve Bank of New York, renters’ self-assessed probability of ever owning a home decreased to the lowest share on record.
Multigenerational living is most common in Western metros, where the high cost of living is likely a deterrent for individuals to live without family members.
Entrepreneur, and latest guest on Zonda’s Inspirational Leadership podcast, Shravan Parsi takes a uniquely scientific approach to business.
The NAHB, NMHC, and NAA underscored the importance of focusing on housing supply and affordability challenges and expressed a willingness to work with legislators to tackle the challenges.