Limited housing continues to increase home prices as homeowners who secured low interest rates are reluctant to move. But building new houses isn’t an easy fix to the problem. Despite a surge of millennials entering their prime homebuying years, U.S. existing home sales dropped to the lowest level in almost 30 years.
Similar Stories to Denver Faces Housing Shortage Amid High Construction Costs, Mortgage Rates on Bing News
Sara B. Hansen, Denver Post: Business
Fri, 07/05/2024 - 3:00am
Topics: lawrence yun realtors real estate editors austin home builders nahb)/wells fargo housing market index persistently nahb chairman carl harris wichita kan home the june aurora parker bennett lone tree uptown river north ceo newhomesmate despite we hnatkovskyy the denver post i national association denver zillow builders in builders we june hnatkovskyy shortage high construction costs mortgage rates interest sales missing prices incentives households metro buyers offer number labor time continues years houses living move doesn year news economic
BING NEWS:
- Congress examines economic impact of ongoing housing shortage crisis
New federal data shows more than 21 million renters spent more than 30 percent of their income on housing last year. That means less money for other essentials like food and healthcare.
10/3/2024 - 9:01 am | View Link - Housing affordability: addressing a structural challenge without compromising returns
Chronic undersupply has plagued the United States’ multifamily rental market over the last decade, with supercharged construction costs challenging the bottom line of investors and developers alike.
10/1/2024 - 1:01 am | View Link - The Homebuilders Getting Rich Off America’s Housing Shortage
Forbes uncovers a dozen new billionaire builders whose fortunes have jumped on the homebuilding industry’s high prices and high interest rates.
09/23/2024 - 1:50 am | View Link - More
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