The U.S. homeownership rate was down to 64.2 percent in Q1 2019, down six basis points over the previous quarter, and posted virtually no annual change, according to the latest Census data.
In an effort to help first-time homebuyers facing affordability headwinds, Pulte Group is ramping up production of homes priced for entry-level shoppers.
Termed "attainable housing," Americans may still be able to achieve the American Dream milestone of homeownership, trading formal spaces and traditional home features for affordability and a strong sense of community.
In a new market forecast, Grant Thornton chief economist Diane Swonk writes, "housing will tread water in 2019 as supply constraints and affordability problems offset any gains from slightly lower mortgage rates."
Experts say that to help alleviate the chronic affordability crisis in California, single-family homeowners should be allowed to convert their garages into accessory dwelling units (ADUs).
According to the latest data from the Department of Commerce, housing starts ran at a 1.14 million seasonally adjusted annual rate in March, down 0.3 percent in February.
Los Angeles is known for its traffic congestion, but its share of real estate listings including terms like "subway" and "metro" has doubled since 2013, according to new research.
New metro analysis based on Census data studies how families with and without children sort and are segregated in urban and suburban areas, and how this impacts income segregation more broadly.
LEED v4.1 now available, the risk of ill-fitting construction equipment for women, renters' electric car conundrum, Chicago's passive house passes polar vortex test, and addressing affordable workforce housing shortages
