Housing Affordability

US housing affordability pressures reflected limited supply, with households needing more options, especially affordable homes, as single-family rentals moved to the center of policy debate. Recent federal actions sought to limit institutional participation in single-family housing, raising questions about investors' role in the market and how that fits the...

The National Association of Home Builders (NAHB) is calling on Congress to remove excessive federal regulations that raise construction costs and affect housing affordability. Regulatory costs make up nearly 25% of single-family home expenses and over 40% for apartments, worsening the housing shortage of 1.5 million units. A federal mandate tying mortgage insurance to strict building codes is a major...

Miami is experiencing a housing affordability crisis despite a low unemployment rate. Many residents, like Bárbara Aguilar, are forced to work multiple jobs to cover expenses due to soaring living costs. The median home price has doubled since 2018, making it hard for low-wage workers to find affordable housing. The city's fastest-growing jobs pay $19 or less per hour. Some employers are building...

A study by researchers at Florida Atlantic University and two other schools reveals that despite rent growth stabilizing, South Florida still faces a housing affordability crisis. Many residents, like Raymond Minardi, struggle to afford rent, with the average one-bedroom apartment costing $1,700 a month. The study shows that households in South Florida and other metro areas now need to earn over $100,000...

Almost half of Melbourne's undersupplied housing and rental markets are located in the eastern part of the city, according to new research. The study highlights the high demand and shortage of housing and rental properties in these areas, attributing it to the state government's policies that discourage property investors. The lack of supply is leading to increased competition among renters and...

Homes in Northeast Florida are currently more unaffordable than ever before. Sales are declining, homes are staying on the market longer, and prices remain high. The region's Housing Affordability Index has hit an all-time low, making homes out of reach for many families. Sales have significantly decreased, with houses sitting on the market for a median of 40 days. Despite these conditions, the...