Housing sector

The housing sector will build on this year’s growth in 2022

Falling mortgage rates, awareness of the need for housing due to the pandemic and stable house prices should contribute to a sustained recovery in the residential real estate market next year. The housing market across the country has seen green shoots of recovery and is expected to gain momentum here. With strong end-user demand and […]

Housing supply

Supply and demand for social housing a constant treadmill

Picture file Clare Sinn Féin TD Violet-Anne Wynne spoke out against the treadmill effect of families in need of social housing and the number of homes being added to the social housing stock. Deputy Wynne said: ‘There are 3,000 people on the social housing waiting list in Clare. This number has not decreased much for […]

Housing supply

Australia needs to increase housing supply to improve affordability

The intent behind federal government policy First Home Loan Deposit System is well placed, but good intentions do not necessarily translate into good policy. The winning soundbite that the government hopes will echo in the media is: “We are helping young people buy their first home sooner”. This is a result worth pursuing. Home ownership […]

Housing supply

Housing supply should meet demand by 2024, says housing minister

Housing Minister says housing supply will finally meet demand in coming years. “What we have projected this year is that 2023 will be a very important year to get over that 30,000 figure, which is really important. “ But experts say more needs to be done to bring prices down and make homes affordable. Housing […]

Housing supply

Prices rise as the country’s housing supply tightens

According to a new report from Redfin, the seasonally adjusted number of homes for sale fell 18% year-over-year in November to an all-time low. This lack of home inventory in the country pushed the median sale price up 15% to $383,100. November marked the 16th straight month of double-digit price increases, and so far in […]

Housing supply

County hopes tax change will improve housing supply

This story was updated at 3 p.m. Dec. 21, 2021, to clarify that the bill only applies to some developers, not all, who aim to build affordable housing. Elected officials, county housing staff and nonprofit affordable housing providers are optimistic that a new tax change can help create more affordable housing across the county. The […]

Housing supply

Using data to navigate 2022 housing supply and affordability issues

HousingWire Editor-in-Chief, Sarah Wheeler, had the opportunity to sit down with Autumn Barkhuff, CoreLogic Principal of Program Management, to talk about potential housing market trends in 2022 and how real estate analytics can help decision-making. of decision. “So in an ever-changing market that’s really filled with scattered data sets, real estate analytics becomes really essential […]

Housing supply

Strengthening public services, increasing housing supply and building trust will improve tenant and landlord stability, says ULI report

A wide range of stakeholders representing tenant households and landlords agree that proactive efforts are needed to protect tenant safety and enable landlords/managers to sustainably manage and operate their properties, according to a new ULI report. Stable Residents, Stable Properties concludes that finding common ground among rental market stakeholders is critical to creating strong housing […]

Housing report

RE/MAX National Housing Report for November 2021

DENVER, December 17, 2021 /PRNewswire/ — The historically strong housing market continued to advance in November as buyers seemingly gobbled up available homes as soon as they hit the market. Buyers finally saw welcome relief on prices, with the November median sale price falling 2.9% to $330,000 – the largest monthly decline since the start […]

Housing supply

Housing is on the horizon as the government’s new housing supply law is passed

After being introduced in Parliament eight weeks ago, the Resource Management Amendment Bill (allowing the supply of housing and other matters) (Bill) passed its third reading this week and is now awaiting Royal Assent. In our previous article, we explained the intention of the proposed bill to accelerate the densification already anticipated in the National […]

Housing report

3 Takeaways from ULI’s Housing Report

A photo of the Stable Residents, Stable Properties presentation. A study just released by the Urban Land Institute reveals what stakeholders across all sectors of the nation’s rental housing market see as the most pressing issues in today’s environment – and most importantly – what needs to be done. be done to provide more stability […]

Housing supply

City Council bolsters support for increasing housing supply and affordability with Vacant Housing Tax – City of Toronto

Press release December 16, 2021 Today City Council approved details of the implementation of a Vacant Housing Tax, which will be levied on vacant properties from January 2022. The purpose of the tax is to help the availability and affordability of the housing stock on the market by creating a disincentive effect for owners to […]

Housing supply

Weinberger pushes zoning changes to boost housing supply

Click to enlarge Derek Brower©️ Seven days Mayor Miro Weinberger Mayor Miro Weinberger will push for major zoning changes in the South Burlington neighborhood and beyond in an effort to ease the housing crisis, he announced Thursday. Weinberger released a 10-point plan to open up areas of the city to builders. The aim is to […]

Housing sector

Inside Housing – Sponsored – COP26 Climate Summit: What the housing sector has learned

The priorities identified at COP26 are not new, but the conference has served to increase the pressure to make progress. For social housing, this includes the issue of sustainability, according to Inenco Dan Pardesi How has COP26 changed what is expected of social housing organizations when it comes to environmental sustainability, and specifically when it […]

Housing report

Rochester-area senior housing report highlights concerns – Reuters

A report by the Coalition for Rochester Area Housing sheds light on housing concerns for seniors. The senior housing community co-design project report released on Tuesday is available at https://rochesterarea.org/initiatives/housingcoalition/ . The report highlights findings from 2021 community research and coalition efforts to create housing for seniors in and around Rochester. “While we did not […]

Housing supply

Bill to increase housing supply passes

Tuesday, December 14, 2021, 7:20 p.m.Press Release: New Zealand Government New law allows construction of three homes up to three stories high on most freehold sites Allows the construction of tens of thousands of new houses in the next 5 to 8 years Existing housing density rules brought forward by one year Legislation to cut […]

Housing sector

The social housing sector is “financially resilient” in 2020-21 despite the pandemic

The Social Housing Regulator has published its 2021 Global Accounts today (December 14, 2021), a financial statement of the social housing sector for the year ending March 31, 2021. The report shows that the sector has demonstrated resilient financial performance in the face of difficult economic and operational conditions. The first part of the year […]

Housing sector

Housing sector vital for economic growth – Experts

Published December 13, 2021 Experts said the housing sector is very vital for economic growth, noting that government at all levels must come up with plans to boost the sector. They spoke at the inaugural annual memorial lecture in honor of Otunba Fatai Osikoya hosted by the Nigeria Institution of Building in Lagos on Friday. […]

Housing supply

Could aging office buildings offer an answer to Canada’s housing supply crisis?

An outdated office building in downtown Halifax will be given a new lease of life with a transformation that will turn it into a mixed-use building with an affordable housing component. To ease the city’s housing supply crisis, half of the Centennial Building – a 54-year-old office tower at 1660 Hollis Street – will be […]

Housing supply

Housing supply remains a burning issue

The housing stock has been a critical issue for the British Columbia real estate market and for the Canadian housing market in general. From a scarcity of real estate listings to months of record inventory, it has become increasingly difficult for homebuyers to achieve the Canadian dream of home ownership. Even if young families and […]

Housing sector

Housing sector needs investment and political support: experts

“The development of the housing sector will in turn contribute to the country’s GDP” TBS report December 13, 2021, 9:50 p.m. Last modification: December 13, 2021, 9:51 PM A top shot of the city of Dhaka. The photo was taken in the Gulshan area in the capital. Photo: TBS “> A top shot of the […]

Housing supply

Warning that escalating construction costs could impact the supply of ‘affordable’ housing

Affordable accommodation in Kingsmead, Wooler. An analysis by the New Economics Foundation (NEF) claims that the supply of social and affordable housing in both regions could suffer massively due to labor and material shortages, Covid-19 and Brexit. When new housing developments are approved, local councils can require developers to make a percentage of their new […]

Housing supply

Insatiable demand and low supply for housing means records continue to be set

Breadcrumb Links Toronto and the GTA Columnists Once we have even a small degree of understanding of who is driving the bus here, only then does it really make sense to consider what kinds of measures, if any, are worth worth considering to calm things down. Publication date : December 11, 2021 • December 11, […]

Housing sector

Column by Lisa Sturtevant: Supporting Virginia’s housing sector is good for the state’s economy | Columnists

While many industries suffered severe downturns due to the pandemic, Virginia’s housing sector has proven remarkably resilient and adaptable, with a range of real estate professionals – from real estate agents to builders, mortgage lenders to property managers – adopting new responsible business practices to adapt to varying needs and changing operating restrictions throughout the […]

Housing supply

Airbnb rentals are seen as a drag on Peterborough’s supply of rental accommodation

Peterborough’s vacancy rate could nearly double if short-term rentals, which include houses, apartments and single rooms, are added to the potential pool of rentals in the city and county of Peterborough. The vacancy rate was 2.6% for 2020, according to the Canada Mortgage and Housing Corporation, but local housing advocates say the rate could improve […]

Housing supply

Focus on expanding housing supply, not another tax for investors

Toronto Insiders Written by guest author Published: 16:01 Dec 10 2021 This article was submitted by Kevin Crigger, Chair, Toronto Regional Real Estate Board Housing affordability is one of the biggest challenges facing Toronto and the entire region. Governments at all levels have begun to make this issue a priority, thanks in part to the […]

Housing report

Housing report highlights dire need in Richmond

City staff told council that the federal and provincial governments need to increase funding in order to address the affordability crisis. Ninety-five percent of Richmond residents cannot afford a home in the city today, if they don’t already own one. Ninety percent of Richmond residents could not afford a townhouse in Richmond, and 80% could […]

Housing supply

Drought UK housing supply dampens market

House price inflation has remained consistently high over the past four months, according to RICS. Photo: Getty The UK housing market is going through a dry spell, with new listings falling in November, according to the latest residential market survey from the Royal Institute of Chartered Surveyors (RICS). A drop in the number of new […]

Housing supply

Cedar Rapids will diversify housing supply with secondary suites

Rigid single-family zoning policies deprive residents of more choices — it’s especially problematic for those who don’t want big homes, like the older Cedar Rapidians AARP chart on types of secondary suites, courtesy of the City of Cedar Rapids Cedar Rapids has an idea to bolster housing options and potentially start addressing other city priorities […]

Housing supply

‘Unsustainable’ credit will not provide viable housing supply – Central Bank

Giving households access to “unsustainable” amounts of credit to buy homes will not lead to a sustainable supply of much-needed properties, Central Bank Deputy Governor Sharon Donnery said Thursday. The comments underscore the Central Bank’s reluctance to introduce major changes to its mortgage lending restrictions as it continues to conduct a comprehensive review of rules […]

Housing supply

Housing supply and demand in 2022: what to expect

One of the main drivers of real estate value in any given market is the supply and demand for housing. A balanced market means a healthy supply of buyers and sellers achieving slow but steady growth in house prices over time. But when that balance is out of whack, it can drive prices down or […]

Housing supply

Economy rebounds, but COVID domino effect on NH housing supply remains a ‘significant issue’

Photo/Brett Jordan The good news is that the economy is recovering strongly, the bad news is that housing supply continues to lag and that is a significant issue. On December 7, NH Housing presented an online webinar, Economy 2022: Growing or Slowing, with economist Elliot Eisenberg, PhD. Eisenberg is a former economist for the National […]

Housing supply

Housing supply will collapse without TfL funding deal, warns Sadiq Khan

Mayor says government’s failure to protect capital’s transport networks is a ‘failure of duty’ to the country Sadiq Khan has issued a fresh appeal to the government to provide sufficient long-term funding for Transport London claiming that housing supply as well as transport services will be damaged if a satisfactory agreement is not reached, and […]

Housing supply

Ottawa housing shortage is creating ‘upside pressure’ on prices, says OREB

Ottawa’s real estate market remained buoyant as temperatures plummeted in November, with prices rising 19%. However, the Ottawa Real Estate Board warns that current housing inventory is “far below what it should be” to meet demand, driving up prices for buyers in Ottawa. “It’s just not sustainable and takes us further away from the balanced […]

Housing supply

The current housing shortage is “not sustainable”, warns the president of the OREB

The city’s tight housing supply is ‘not sustainable’ if a more balanced market is to be achieved in the coming months, the head of the Ottawa Real Estate Board warned Friday, as home prices increased by 19% in November compared to a year earlier. The average residential-class home sold for $716,992 last month, up from […]

Housing report

San Gabriel Valley, Whittier-area towns get poor ratings on housing report card – Pasadena Star News

If virtually everyone in a large enough class fails a test, you can call all the latecomers if you wish – but you can also question the effectiveness of the test itself or that of the teacher. Because in a class of ’89, it’s just unlikely that all but a couple would have completely failed […]

Housing sector

The social housing sector – better together? – Real Estate and Construction

The last 18 months have seen the world change dramatically. For the social housing sector in the UK, this has presented various challenges and caused organizations to operate in unplanned ways. Overall, the sector has risen to the challenge and organizations have shared their learning more openly and transparently with a common purpose. The common […]