Young adult homeownership rates are at risk of declining unless the U.S. population grows, according to an analysis by Harvard’s Joint Center for Housing Studies (JCHS). U.S. population growth, however, may not be able to provide the requisite pipeline of new homebuying young adults due to a smaller Gen Alpha birth cohort and declining immigration.…
In a construction industry already facing numerous challenges, the National Association of Home Builders (NAHB) has released a critical statement on the current federal immigration crackdown due to its reportedly negative effect on the industry’s labor force. Off the bat, NAHB noted members of the trade organization have reported that “increased immigration enforcement and jobsite…
Housing transactions happen for a lot of reasons that real estate professionals are intimately familiar with—new job, new baby, new marriage. In the aggregate, though, most of these events can be classified as “household formations”—in simple terms, a new family is formed, and that family (usually) needs a new place to live. According to Harvard’s…
Households headed by immigrants have accounted for roughly three-quarters of housing demand growth since 2010, but a new Harvard analysis suggests that trend may be ending—with significant implications for housing markets across the country. The Joint Center for Housing Studies at Harvard University (JCHS) released revised projections forecasting 1.7 million fewer households in the U.S.…
When the Trump Administration floated the idea of merging Fannie Mae and Freddie Mac into a single “Great American Mortgage Corporation” and taking it public, the announcement didn’t come through a press conference or news release. Instead, the president himself shared it via social media, sparking intense speculation. It’s one of many examples emerging from…