New Home Sales Soften in April with Growing Housing Affordability Concerns
Rising building materials costs and low inventory have caused new home sales prices to jump 20% on a year-over-year basis, harming housing affordability and driving down the pace of new home sales. Sales of newly built, single-family homes fell 5.9%, following a significant downward revision of the March estimate, to a 863,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
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Americans Deserve a Choice
“Missing Middle” of Housing
Providing a range of housing types is key to increase the supply of housing at various price points.
Rent control policies limit supply and do not address the underlying issues of housing affordability.
Building codes ensure safe homes. But many codes proposed today are done so without regard to cost to home buyers.
What You Need to Know
Creating Housing for All Toolkit
Everyone wants a home they can afford that meets their unique needs. Implementing these strategies can help make that happen.
Housing Opportunity Index
This quarterly measure of area-specific housing affordability is based on home sales and median family income.
The Public Weighs In
Vast majority of Americans say housing affordability is at a crisis point.