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Southern construction boom is aiding housing affordability

Housing Wire

But increased activity in residential construction , particularly in the South, is helping to alleviate affordability challenges in certain regions, according to ananalysis from First American Financial Corp. This construction boom is contributing to slower home-price appreciation and, in some cases, price declines. Census Bureau data.

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The Southern housing markets poised to become boomtowns

Housing Wire

Using growth indicators that measure upcoming construction and development, southern metros take eight spots in the top 10 list. in new construction, 7.2% in land use change, 0.8% in builder/developer land, 4% in recent build and 1.1% The top three metros are Lakeland, Florida. Austin, Texas, and Raleigh, North Carolina.

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The Federal Reserve’s housing recession dilemma

Housing Wire

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. However, despite these challenges, we have not lost our labor pool of construction workers. They say housing leads the economy in and out of a recession.

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Reintroduced housing bill would address construction, rehab, land use and more

Housing Wire

Senate and House of Representatives have reintroduced a bill designed to address housing issues by rehabilitating or constructing millions of additional units in an effort to bring down costs for renters and homeowners. A coalition of Democratic lawmakers in the U.S.

Land 469
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Here’s why we won’t build millions of new homes

Housing Wire

A lower Fed funds rate can assist with land purchases and apartment construction, but that process would take considerable time before we see any development. I wrote an article back in 2021 when many believed a massive construction boom would last for a decade. Builders, as we know, are not charitable organizations.

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These states received top marks on their housing affordability report cards

Housing Wire

The report evaluates each state using weighted criteria tied to affordability and construction activity. Homebuilding was assessed using construction permit volumes relative to population and price differences between new and existing homes. Texas and Iowa each had A- scores. There is no single fix, Hale said.

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Seattle leaders struggle to agree on a path forward for housing

Housing Wire

Bruce Harrell Last year, Harrell introduced a bold plan that would aim to double the citys zoning capacity, which City Hall said could lead to the construction of 80,000 additional homes by 2044. He is also looking to create 30 neighborhood centers that could allow for the construction of five-story apartment complexes.