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2. ‘We must do more’: Biden administration wants to build 500K ...

   www.aol.com/finance/must-more-biden...

   The Neighborhood Homes Investment Act, laid out in his 2023 Budget, which would promote homeownership for an additional 500,000 households while increasing neighborhood revitalization investments.

3. What Would It Take for Homes To Be Truly Affordable for the ...

   www.aol.com/homes-truly-affordable-lower-middle...

   Between 2012 and 2023, 17.2 million new households formed but only 13.4 million new housing units were completed, according to the National Association of Realtors. That leaves a gap of 3.8 ...

4. High mortgage rates are finally hitting new home construction ...

   www.aol.com/finance/high-mortgage-rates-finally...

   It’s also more difficult for builders to find more affordable financing options for new builds, Kori Sassower, a team head and real estate agent with Compass who focuses on new construction ...

5. Affordable housing in the United States - Wikipedia

   en.wikipedia.org/wiki/Affordable_housing_in_the...

   The report's key figure, the "Housing Wage," reveals the hourly earnings necessary for full-time workers to afford fair market rental homes without exceeding 30% of their incomes. Nationally, the 2023 Housing Wage is $28.58 per hour for a modest two-bedroom home and $23.67 per hour for a one-bedroom home.

6. Home construction - Wikipedia

   en.wikipedia.org/wiki/Home_construction

   Home construction or residential construction is the process of constructing a house, apartment building, or similar residential building [1] generally referred to as a ' home ' when giving consideration to the people who might now or someday reside there. Beginning with simple pre-historic shelters, home construction techniques have evolved to ...

7. California housing shortage - Wikipedia

   en.wikipedia.org/wiki/California_housing_shortage

   This shortage has driven home prices and rents to extremely high levels. In 2017, the median price of a home in California was more than 2.5 times the median in the U.S. as a whole, and in California's coastal urban areas, the shortage was greater than the inland areas, as demonstrated by the median prices of homes in those respective markets: $1.3M in San Francisco, $1M in San Jose, and $600k ...