article thumbnail

New Hampshire’s hot housing market has the state in crisis mode

Housing Wire

Based on the states estimated population growth, nearly 60,000 additional units of housing are needed between 2020 and 2030, while nearly 90,000 units are needed between 2020 and 2040. This is based on an estimate that some 52,500 households will be added between 2020 and 2030, or roughly 74,400 between 2020 and 2040.

article thumbnail

Tapping home equity in retirement has advantages and pitfalls: Harvard researcher

Housing Wire

Department of Housing and Urban Development (HUD) has shown that it’s paying attention to the emerging housing needs of an older population by creating programs that allow for age-minded home renovations. By 2040, it is estimated that 20 percent of the population will be over 65 years old,” said HUD Secretary Marcia Fudge in August 2022.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Opinion: Fostering Latino homeownership through workforce representation 

Housing Wire

Looking forward, US Census data projects that more than one in four Americans will be Latino by 2060, and the Urban Institute expects Latinos to drive 70% of new homeownership growth between 2020 and 2040. The National Association of Hispanic Real Estate Professionals (NAHREP) estimates there are 8.3

article thumbnail

Housing Hurdles for Older Homeowners 

Appraisal Buzz

By 2040, the number of households headed by individuals aged 80 and over is expected to double, making it imperative that the U.S. Only 36.5% of eligible households received government housing aid in 2021, while 11.2 million older people spent more than 30% of their income on housing. address the issue of aging in place. 1688 / H.R.

article thumbnail

Driving Toward Vehicle Charging Capabilities for the Home

Will Springer Realtor

EVs are expected to make up a majority of new car sales worldwide by 2040, according to one report. I developed a guide called Smart-home Technology: Planning and budgeting for the newest advances in safe living. There are about 130,000 stations in the U.S. today, including some 4400 in Washington, the sixth-most among the 50 states.

article thumbnail

Washington ADU Laws Aim to Open New Doors to Housing

Will Springer Realtor

The combination of extremely high home prices and regulatory reform have turned this corner of the country into an ADU laboratory of sorts, with plenty of “formulas” being developed today to “grow” more desperately needed homes. Off-street parking will be determined by local municipalities and based on distance to public transit.

Law 67
article thumbnail

How New Hampshire is looking to alleviate its housing crisis

Housing Wire

Based on the states estimated population growth, nearly 60,000 more housing units are needed between 2020 and 2030, while nearly 90,000 units are needed between 2020 and 2040. This is based on an estimate that some 52,500 households will be added between 2020 and 2030, or roughly 74,400 between 2020 and 2040.

Law 326