Sentences with phrase «growing affordability problem»

There are lots of factors contributing to growing affordability problems, but they pale next to regulatory barriers, which are increasing as localities try to curb sprawl, said Robert Mitchell, president of the National Association of Home Builders.

Not exact matches

The report, titled «Vancouver's Housing Affordability Crisis: Causes, Consequences and Conclusions,» says political inaction has allowed the problem to grow.

But when you combine rising interest rates with growing regulatory burdens as governments try to restrict growth, you have a recipe for mounting affordability problems that's affecting mainly young households and other first - time buyers — and they're the engines that drive the homeownership market, Edwards said.

Amid the avalanche of headlines warning of the growing affordability crisis, there's a corner of the real estate industry where the problem is seen as overstated, or at least misunderstood.

While owners enjoy seeing the value of their investment grow, some markets are running into an affordability problem — especially with areas in the west seeing double - digit yearly price growth,» said Quicken Loans vice president Bill Banfield.