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How Have Recent Immigration Increases Impacted U.S. Housing Costs?

Appraisal Buzz

For instance, from 2010 to 2015, foreign-born householders accounted for 50% of household growth, a period marked by weak native-born household formation following the Great Recession. in April 2020 and reaching a low of 2.65% in January 2021, which boosted housing demand as buyers sought to capitalize on increased purchasing power.

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Regulatory costs add nearly $94K to new home prices

Housing Wire

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

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The Portland Pearl District Condo Market – The Last 10 Years (2015-2024)

Portland Appraisal Blog

PEARL DISTRICT SUMMARY STATISTICS Taking the 35,000-foot view, we can see the average yearly prices have been steadily declining since 2016: Average prices this year are essentially the same as they were in 2015. The 27th floor penthouse initially sold for $5,441,294 in 2016 as a new construction.

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The housing market is 6.5 million units short: Realtor.com

Housing Wire

This resulted in the gap between single family home construction and household formation growing to 6.5 of all housing starts, the highest level since 2015. During that same time period, just 13.1 million housing units were started , and 11.9 million were completed, with 8.5 million being single-family units and 3.4

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HUD Appoints 11 to Housing Counseling Federal Advisory Committee

Appraisal Buzz

The Committee serves a critical advisory role to HUD by helping shape the direction of its Housing Counseling Program and providing guidance on how to better serve prospective buyers, homeowners, and renters with their housing needs.

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DataDigest: Will work for housing

Housing Wire

It has shown a willingness to absorb operational losses as a landlord, losing almost $2 million last year and almost $5 million since 2015. million bond to purchase property to construct affordable housing for teachers and staff. For those teachers who get a unit – there is a wait list – the benefit is substantial.

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The new home sales recession continues

Housing Wire

So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. We had missed sales estimates in 2013, 2014 and 2015. This time, we have less production of homes and more multifamily construction. months and above.