Sentences with phrase «housing affordability remains»

«Housing affordability remains strong and this is an encouraging sign as the spring home building season moves into high gear,» says NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del..

Housing affordability remains a huge issue in Manhattan, and builders are going a step further by offering up micro housing as a solution.

In addition, housing affordability remains high due to historic low mortgage rates, creating pent - up demand for homes.

Despite the rise in interest rates and run - up in home prices earlier this year, housing affordability remains intact, which should continue to benefit the housing market as consumers regain their confidence.

«Housing affordability remains a pressing issue with home - price growth increasing around four times the pace of wages,» says Yun.

Yet, in spite of decreased prices of homes, housing affordability remains a major concern.

And housing affordability remains high.

Overall housing affordability remains decent, while affordability of condos is the most favourable it has ever been.»

«While interest rates and overall housing affordability remain very favorable on a historic basis, the decline in the latest HOI is a positive development because it is another signal that the housing recovery is starting to take root, and it lends needed confidence to prospective buyers and sellers who have been reluctant to move forward in the current marketplace,» says NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla..

Not exact matches

Furthermore, many economists forecast inflation will remain low, so debt will be harder to pay off, creating a bleak picture for housing affordability down the road.

Guatieri said it's worth noting that while detached housing was what drove the drop in sales, condo sales have remained strong, helped in part by their relative affordability.

TORONTO, March 30, 2017 - While home ownership costs remained historically elevated in Canada, they levelled out in the fourth quarter of 2016 after climbing steadily for a year and a half, according to the latest Housing Trends and Affordability Report issued today by RBC Economics Research.

Housing affordability changed very little in Ontario in the second quarter and homebuyers did not appear to be overly concerned by the fact that affordability remained somewhat stretched for single - family homes.

2017.03.30 Housing affordability trends in Toronto and Vancouver diverge: RBC Economics While home ownership costs remained historically elevated in Canada, they levelled out in the fourth quarter of 2016 after climbing steadily for a year and a half, according to the latest Housing Trends and Affordability Report issued today by RBC Economicaffordability trends in Toronto and Vancouver diverge: RBC Economics While home ownership costs remained historically elevated in Canada, they levelled out in the fourth quarter of 2016 after climbing steadily for a year and a half, according to the latest Housing Trends and Affordability Report issued today by RBC EconomicAffordability Report issued today by RBC Economics Research...

Housing affordability generally remained stable across Canada in the fourth quarter of 2015, with the exception of the scorching Vancouver and Toronto markets where soaring home prices continued to raise the bar on homeownership...

2016.02.29 Home ownership in Canada remains affordable... for buyers outside Vancouver or Toronto: RBC Economics Q4 2015 Housing affordability generally remained stable across Canada in the fourth quarter of 2015, with the exception of the scorching Vancouver and Toronto markets where soaring home prices continued to raise the bar on homeownership...

And, despite historically low interest rates, affordability measures such as the RBC Housing Affordability Index, which measures home ownership costs as a percentage of household income, remain stuaffordability measures such as the RBC Housing Affordability Index, which measures home ownership costs as a percentage of household income, remain stuAffordability Index, which measures home ownership costs as a percentage of household income, remain stubbornly high.

In the short term, Freddie Mac's housing analysts expect home buyer affordability to «remain strong,» thanks in part to the favorable mortgage rates being offered by lenders these days.

On the contrary, poverty rates for various groups, including children, have seen much less improvement in London compared to the Northern regions; house price affordability and private rental costs have increased substantially in London but not in the North; homelessness has worsened in London but improved in the North; and overcrowding remains particularly acute in the capital.

Housing prices remain high based on traditional measures such as affordability and rental returns.

And while mortgages remain «affordable» relative to historic norms, as growth in housing costs continues to outpace growth in wages, affordability should be expected to continue to deteriorate.

But the question remains: Is the real problem market sustainability — or housing affordability?

Housing affordability continues to remain stable across Canada, creating the perfect environment for savvy home hunters.

«We expect housing to remain resilient and continue its recovery in 2017, with affordability standing out as the industry's greatest obstacle, particularly for first - time homeowners,» added Duncan.

The number one homebuyer concern remains affordability, but fears over buyer competition are growing and may soon trump it, according to a new housing survey of nearly 1,000 home buyers conducted by the real estate brokerage Redfin.

Housing affordability conditions are forecast to remain favorable through next year, with the 30 - year fixed - rate mortgage staying near record lows for the balance of this year but gradually rising to 4 percent in the second half of 2013.

The federal government shutdown, limited inventories and falling housing affordability have contributed to home buyers remaining on the sidelines.

«There is still a supply - and - demand problem, mortgage rates are still on the rise, affordability remains an issue in many major markets, and the wider - ranging effects of the new tax plan are still unknown — so it's unclear whether this slowed growth will lead to housing market price plateaus or declines, but the conditions are certainly in place for that potential outcome.»

«Measures to improve affordability will allow more people to invest here and will ensure BC's housing market remains strong.

The RBC Affordability Index, which measures the proportion of pre-tax household income needed to service the costs of owning a home, stands at 24.6 per cent for a standard condo, which remains the most affordable housing type.

«Housing affordability, both nationally and in the four major urban markets we examined, remains very attractive compared to conditions over the past couple of decades.»

Counties located in the greater San Francisco Bay area saw housing affordability levels either rise or remain stable depending on the county the home resided in.

Multifamily demand is expected to remain strong across the metro, which has become a tech industry hotbed in recent years, due to housing affordability and a favorable tax and regulatory environment.

Both home prices and mortgage interest rates are expected to edge up modestly as the year progresses, but housing affordability will remain very favorable with the median - income household well positioned to afford a median - priced home.

Among smaller housing markets, Fairbanks, Alaska, remained at the top of the affordability chart with nearly all homes sold in the quarter — 99.6 percent — affordable to those earning the median income of $ 92,900.

«Housing affordability for both buying and renting remains a pressing concern because of another year of insufficient home construction,» says Yun.

If not, severe housing shortages and faster price appreciation will erode affordability and remain a burden for buyers trying to reach the market.»

As buying a home gets more expensive, affordability remains a concern for many, and these numbers highlight just how much people are spending on housing.

Still, «nationally, homes remain more affordable than pre-bubble «norms,» but it's clear that the market is now experiencing the most pressure — from an affordability perspective — since the housing recovery began,» says Ben Graboske, executive vice president of Black Knight Data & Analytics.

As housing inventory in San Diego County remains low, affordability continues its creep downward.

«Nationally, homes remain more affordable than pre-bubble «norms,» but it's clear that the market is now experiencing the most pressure — from an affordability perspective — since the housing recovery began,» Graboske said.