Where Housing Affordability Is Improving

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: How Is Debt Impacting Owning a Home? Next: Britain’s Barclays Returning to U.S. Mortgage-Backed Securities Market Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily About Author: Seth Welborn Housing affordability is a growing issue, and according to the latest National Association of Home Builders (NAHB) Home Building Geography Index (HBGI), exurbs—outlying counties of large metro areas with at least 1 million residents—were the only region that registered single-family permit growth on a year-over-year basis in Q1 2019.”The HBGI is another indicator finding that housing affordability is a root cause of soft single-family permit issuance nationwide,” said NAHB Chairman Greg Ugalde in a statement. “A shortage of buildable and affordable lots is forcing builders to increasingly look further outside of suburban and metropolitan areas to find cheaper land that provides more building opportunities.”Despite consisting of only 9% of single-family construction nationally, exurbs were the only region to show net single-family permit growth when comparing Q1 2019 data relative to Q1 2018, with a 1.6% gain. Other relatively sparsely populated areas, including small towns, rural communities, and outer suburbs of small metropolitan markets, have shown the largest annual single-family growth over the past four quarters, while other areas have shown either no change or declines.“The HBGI data is consistent with the fact that housing costs are increasing fastest in large metro suburban counties and smaller metro areas with populations under 1 million where demand for housing is high but supply constraints are tight,” said NAHB Chief Economist Robert Dietz. “Supply-side issues that are hurting affordability and raising costs for builders include excessive regulations, labor shortages, rising material costs and a dearth of buildable lots in mid- to high population centers.”Affordability is not only a problem for homeowners in many metro areas, but renters as well. According to Freddie Mac, the largest metro areas are the most rent-burdened.“Rental affordability is a significant challenge for metropolitan areas across the United States,” said Steve Guggenmos, VP of Freddie Mac Multifamily Research and Modeling. “The vast majority of the units Freddie Mac finances are affordable. Even so, our research shows that supply just hasn’t kept pace with demand in many metros, and that’s pushing affordable rents out of reach for millions of American families.” May 29, 2019 1,083 Views The Best Markets For Residential Property Investors 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Home / Daily Dose / Where Housing Affordability Is Improving Tagged with: Affordability Rental SFR Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Where Housing Affordability Is Improving Affordability Rental SFR 2019-05-29 Seth Welborn in Daily Dose, Featured, Investment, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Share Save Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Reddish still questionable to play, Syracuse otherwise healthy

first_img Published on October 1, 2013 at 1:04 pm Contact Stephen: [email protected] | @Stephen_Bailey1 Facebook Twitter Google+ After announcing Tuesday that he expects everyone but kicker Ross Krautman to play against No. 3 Clemson on Saturday, Shafer contradicted himself when a reporter asked about cornerback Brandon Reddish later in the teleconference.“He’s questionable right now,” Shafer said. “We’d love to have him out there on Saturday. We’ll take it day by day and we’ll see.”Reddish suffered a lower-body injury in the Orange’s blowout win against Tulane on Sept. 21 and missed the second half. Shafer said three days later that he expected Reddish to be questionable, but seemed to indicate Tuesday that was no longer the case when a reporter asked if anyone would miss the Clemson game.“Not as of now,” Shafer said.Shafer also said he and Krautman have discusses applying for a medical hardship waiver.AdvertisementThis is placeholder text“I think he’s got some more kicks in him,” Shafer said.Offensive lineman Kyle Knapp is back practicing, Shafer said. Knapp suffered a head injury in training camp and has not played for Syracuse yet this season. He did not have a specific update about defensive end Robert Welsh, who also missed the second half against the Green Wave with a lower-body injury. Commentslast_img read more