Along with low interest rates and the infusion of money from federal stimulus, one of the factors that drove the pandemic boom market was a surge in so-called “housing mobility,” meaning the overall propensity of people to pick up and move. That metric rose to its highest level in almost 20 years back in 2021,…
Testifying before Congress Jan. 21, Secretary of Housing and Urban Development (HUD) Scott Turner was questioned before the House Financial Services Committee on his oversight of HUD and the Federal Housing Administration, with a large focus on affordable housing and President Donald Trump’s executive order banning institutional investors. Congresswoman Maxine Waters (D-CA) opened the hearing…
As housing remains unaffordable for many across the United States—and new construction hit a recent low on the back of consumer reticence—one solution that’s been floated are manufactured and modular homes. A new academic paper from Harvard University’s Joint Center for Housing Studies (JCHS) has tracked how nonprofit housing developers, or community-based organizations (CBOs), have…