RISMedia's Real Estate Magazine

JAN 2019

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

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28 January 2019 RISMedia's REAL ESTATE Of more than 2,200 Americans sur- veyed, 73 percent believe affordable housing is lacking nationwide. Sixty- eight percent believe it is an issue in their state, and 54 percent believe it is a challenge in their community. Fifty-eight percent say that if they were going to buy a home in the fu - ture, their city or county would have limited options in their price range. Markedly, 55 percent of those surveyed believe their city or county should decrease development fees, and 53 percent believe it would "be effective" to increase government subsidies. According to the NAHB, 25 - 30 percent of construction costs are regulatory-related. "These poll results confirm what builders from across the nation have been warning about—that housing affordability is an increasingly seri - ous problem in communities across America," says Randy Noel, 2018 chairman of the NAHB. "A mix of reg - ulatory barriers, ill-considered public policy and challenging market condi - tions is driving up costs and making it increasingly difficult for builders to produce homes that are afford - able to low- and moderate-income families. "Housing is vital to the economic health of our nation," Noel says. "This poll should serve as a wake- up call to policymakers at all levels of government to ease regulatory burdens that needlessly drive up the cost of housing and to enact policies that will encourage the production of badly-needed affordable housing units." RE Source: National Association of Home Builders (NAHB) Affordability Crisis at Home and Nationwide: Report T he affordability crisis in the housing market is persisting—and Americans are feeling it in their neighborhoods, according to a National Association of Home Builders (NAHB) survey. by RISMedia Staff

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