Student Competition Promotes Innovative Solutions to Housing Affordability
Housing affordability is an ongoing challenge that continues to impact the country. According to the latest data from the NAHB/Wells Fargo Housing Opportunity Index (HOI), housing affordability is at its lowest level since the Great Recession. Challenges such as lack of lots and labor and rising material costs persist to hamper affordability issues, but the home building industry continues to look for ways to help alleviate these issues.
One such example is the Ivory Innovations' upcoming “Hack-a-House” competition — a 24-hour live event to promote innovative and scalable solutions. The competition invites student teams to pitch a proposal based on a selected theme — homelessness, environmental challenges and construction technology, or sustainable renting and affordable homeownership — and encourages teams to “consider how their solution interacts with existing policy, finance and/or construction and design practices.”
Teams will receive a prompt on Sept. 30 at 12 p.m. MST to kick off the competition. Four monetary awards totaling $10,000 will be given to winning teams.
Individuals or teams can register by Sept. 29 to enter the competition. More details are available at ivory-innovations.org/hackahouse.
Latest from NAHBNow
Oct 03, 2025
NAHB Awards Deadline Extended to Oct. 20Interested applicants for NAHB’s prestigious award programs now have additional time to submit top projects and individuals for consideration. Don't miss your chance - apply by Monday, Oct. 20.
Oct 03, 2025
Fast Money, Fewer HeadachesEvery week lost to underwriting is a week you’re not building, selling, or scaling. Delays push projects out of prime seasons, tighten cash flow, and leave crews idle. And when banks already move at their own pace, builders who aren’t prepared can get stuck at the back of the line.
Latest Economic News
Oct 03, 2025
Supply-Side Cost Pressures Drove Housing as Inflation Leader in 2024Though the rate of inflation peaked in June 2022, consumer prices continued to increase throughout 2023 and 2024 as inflation drove further price growth, according to 2024 CPI review from the Bureau of Labor Statistics.
Oct 02, 2025
Square Foot Prices Moderate in 2024Median square foot prices for new single-family detached (SFD) homes started in 2024 grew modestly, according to NAHB’s analysis of the latest Survey of Construction (SOC) data. For custom, or contractor-built, homes, the median price was $166 per square foot of floor space, up slightly from $162 in 2023.
Oct 02, 2025
17% of NAHB Builders Built Age-Restricted Housing in 2024Only 17% of NAHB builder members build age-restricted housing for people age 55 or older, according to 2024 Member Census. This is up two percentage points from the previous year. However, this share has remained within a narrow band (15%-17%) since the question was added to the member census in 2009.