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Policy

As rural housing costs soar, financing affordable housing remains a hurdle

Affordable housing, homebuilder, Homeownership, Low-Income Housing Tax Credit, Policy, The Builder's Daily /

America’s housing affordability crisis is an equal-opportunity phenomenon. Nowhere is this more painfully clear than in the nation’s rural communities, which quietly confront a deepening affordability gap. Financing challenges unique to rural areas pursuing affordable housing development exacerbate a growing imbalance. A new Redfin study notes that home prices in rural communities have increased faster […]

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Glut of new supply drags down BTR and multifamily rental rates in the Sun Belt

build-for-rent, Multifamily, Multifamily Housing, Policy, Rent Prices, The Builder's Daily /

Rents for both multifamily and single-family built-to-rent units moved sideways over the last year. Still, rents in most major Sun Belt markets are down annually due to a glut of new housing, according to the latest Yardi Matrix National Multifamily Report.  Meanwhile, rental growth is typically the strongest in the Midwest, Northeast, and California. This

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House committee is set to review Senate-approved housing bill

Homebuilders, House of Representatives, Housing Policy, Policy, The Builder's Daily, U.S. Senate /

The ROAD to Housing Act wasn’t included in the National Defense Authorization Act (NDAA) released on Sunday, despite speculation that it might sneak in as an attachment to the more urgent priority $900 billion defense spending bill.  Still, the bipartisan housing legislation, which enjoys widespread support in both parties, could be signed into law next

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Sweeping new zoning targets Nashville housing affordability

Policy, The Builder's Daily /

Nashville, one of the fastest-growing Sun Belt cities over the past decade, has been working to address the housing affordability issues that accompanied its massive economic development. Confronted with a shortage of nearly 90,000 homes, the Nashville Metro Council made its most significant move since 2018 to shape the city’s future. It passed two groundbreaking

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Housing affordability dominates California gubernatorial race

Affordability, Affordable housing, California, Home Prices, Policy, Politics, Rent Prices, The Builder's Daily /

California has made significant efforts to address housing affordability through numerous new laws under Gov. Gavin Newsom. Candidates seeking to replace the term-limited Newsom, however, act as if little has been accomplished. The laws lacked swift, decisive enforcement to push the affordable goal, according to California billionaire Tom Steyer, a former presidential candidate and the

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Connecticut rolls back zoning limits to target housing shortage

Affordable housing, Housing, Housing Demand, Housing Inventory, Policy, The Builder's Daily, Zoning /

Connecticut will officially join other states in rolling back decades-old zoning limits to make ground-up homebuilding easier and more plentiful. Last Wednesday morning, Gov. Ned Lamont signed compromise legislation created during a special session in mid-November, months after he vetoed the original bill as the state addresses an estimated 100,000-unit housing shortage. According to sister-title

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NYC landlords sue over rent law as vacant units climb

Affordability, Affordable housing, Policy, The Builder's Daily /

New York City Mayor-elect Zohran Mamdani won after campaigning on expanding rent stabilization to improve housing affordability. When he becomes mayor in January, Mamdani will face a lawsuit challenging New York’s rent stabilization law. A group of New York City landlords sued, arguing that the law sets rents too low to justify spending thousands of

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Off-site housing: cure or political distraction? Our Denver correspondents weigh in

Policy, The Builder's Daily /

At The Builder’s Daily Focus on Excellence Conference in Denver, we had a chance over breakfast to discuss what we were seeing in off-site housing. While we have come at this from different angles and have seen different aspects of it, we reached a similar conclusion. Both of us have believed for years that off-site

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Supreme Court’s tariffs case could have minimal impact on construction costs Supreme Court to decide on Trump tariffs, but many construction levies will remain

Construction, Policy, Tariffs, The Builder's Daily, Trump administration /

The Supreme Court could decide on the legality of many of the Trump administration’s tariffs within months, but the ruling won’t impact many of the administration’s levies on imported construction materials such as lumber, steel, aluminum and copper.  The case before the Supreme Court contests the legality of the president’s use of the International Emergency

Supreme Court’s tariffs case could have minimal impact on construction costs Supreme Court to decide on Trump tariffs, but many construction levies will remain Read More »

The 50-year mortgage: I’m not buying the “forever loan”

Finance, Policy, The Builder's Daily /

A 50-year mortgage sounds like the next big innovation in housing finance, a way to make homes “affordable” again in an era of high prices and stubborn interest rates. But the way I was raised and educated, financial independence and straight talk count. Having studied economics at Texas A&M, I see this for what it

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