Housing supply

The new immigration plan must be modified to avoid increased pressure on housing supply

Canada’s immigration minister said immigration could help fill an estimated one million job vacancies across the country, including in the residential construction sector. REUTERS/Carlos Osorio As Canada prepares for an even larger influx of newcomers in the coming years, experts say if the federal government targets the right kind of skilled workers, it could help […]

Housing supply

Prime Minister David Eby announces housing supply and strata ownership laws

New Prime Minister David Eby began his term with a flurry of announcements, introducing new cost-of-living measures on Friday after he was sworn in, public safety measures on Sunday and housing legislation on Monday. “BC’s housing crisis is stressing and hurting people while dampening our economy,” he said Monday. “As the first step in my […]

Housing supply

New prime minister moves to expand housing supply in early days

Legislation is being introduced to increase housing supply and accelerate housing construction in communities across the province where the need is greatest. Amendments are also being made to the Strata Property Act that will eliminate discriminatory age and tenancy restrictions in municipal bylaws to expand access to existing housing in British Columbia. Housing Supply Act: […]

Housing supply

Tuggeranong among areas worst affected by housing supply

A new InvestorKit analysis ranks the top regions facing the brunt of Australia’s housing shortage – and an ACT region makes the list. Arjun Paliwal, lead real estate data expert at InvestorKit, determined that Tuggeranong was among the 11 areas most affected by the housing supply crisis across the country. “A combination of many existing […]

Housing supply

Local housing conference discusses issues and solutions to housing supply crisis

By Bob Walsmith Jr.President 2022Santa Barbara Association of Realtors Last month I attended the Coastal Housing Coalition’s housing conference in Santa Barbara, which provides community education through ongoing discussion and problem-solving to help fix our housing supply crisis. accommodations. This year’s conference covered a myriad of topics, including a look at government-created redlining, housing and […]

Housing supply

11 areas most affected by the housing shortage in Australia

In InvestorKit research, more than 300 SA3 regions were analyzed Each was given a score based on established and future supply risk, housing affordability and other metrics More effective planning is one way to tackle the housing crisis, says Arjun Paliwal Australia’s housing supply crisis looks set to continue into 2023, with new research revealing […]

Housing supply

The 11 regions facing the housing supply crisis in 2023

The crystal ball for 2023 shows no signs of easing Australia’s housing supply crisis, with 11 regions facing a shortage of independent homes. The latest data from InvestorKit identified 11 regions across the country that would be most affected by a housing shortage, in the short to medium term. These include: Brisbane Inner (North) and […]

Housing supply

Several local vote measures aim to boost housing supply in the Bay Area

SAN FRANCISCO — Voters head to the polls on Tuesday, and in some Bay Area cities, the housing issue is high on the ballot. Voters are increasingly being asked to make decisions even as trust in elected officials has declined. Jake Price spent his Sunday door-to-door in San Francisco’s Sunset District in a last-minute effort […]

Housing supply

Year of Action on Affordable Housing Supply — RISMedia

National Association of REALTORS® (NAR) President Leslie Rouda Smith participated in a private meeting at the White House in September with a diverse group of housing industry leaders to discuss workable solutions to the housing crisis. the country’s housing supply and affordability. She called the meeting a “frank discussion of ideas” on how to close […]

Housing supply

ABQ housing supply ‘is a crisis’, says mayor

Mayor Tim Keller The Albuquerque area needs 13,000 to 33,000 units to meet housing supply. And private companies, namely developers, must work hand in hand with the city of Albuquerque to deal with this crisis. Those were the words of Mayor Tim Keller Wednesday morning at the Albuquerque Economic Forum as he made his pitch […]

Housing supply

“The housing supply is in crisis”

Oct. 26 – The Albuquerque area needs 13,000 to 33,000 units to meet housing supply. And private companies, namely developers, must work hand in hand with the city of Albuquerque to deal with this crisis. Those were the words of Mayor Tim Keller Wednesday morning at the Albuquerque Economic Forum as he made his pitch […]

Housing supply

Qld Government streamlines planning approvals to boost social housing supply

The legislative changes announced by the Palaszczuk government will speed up the process of building community, social and affordable housing. The Sunshine State is currently experiencing severe supply shortages. According to CoreLogic, Brisbane’s vacancy rate was 0.9% at the end of the September quarter, down from 1.6% in the same quarter of 2021. Under the […]

Housing supply

Increasing California Housing Supply with SB-9 and SB-1 | American Institute of Enterprise

Summary of AEI Housing Center Meetings in California In late September, AEI Housing Center held six meetings on increasing housing supply with SB -9 and SB -10 in San Francisco, Sacramento, Fresno, Riverside, Los Angeles and San Diego. These discussions were led by Ed Pinto, Tobias Peter and Arthur Gailes of AEI Housing Center and […]

Housing supply

Increasing California Housing Supply with SB-9 and SB-10 | American Institute of Enterprise

Summary of AEI Housing Center Meetings in California In late September, AEI Housing Center held six meetings on increasing housing supply with SB -9 and SB -10 in San Francisco, Sacramento, Fresno, Riverside, Los Angeles and San Diego. These discussions were led by Ed Pinto, Tobias Peter and Arthur Gailes of AEI Housing Center and […]

Housing supply

Summit County seniors want to age in place, but housing supply is limited

Seniors in Summit County have an overwhelming desire to stay in the Park City area as they age, but the area’s lack of housing options highlights a difficult choice many residents face. as they age. A senior housing survey, organized by Leadership Park City Class 28 (LPC28) as a class project, found that 93% of […]

Housing supply

Why TEAM’s Colleen Hardwick takes issue with the ‘housing supply’ solution

In the four years Colleen Hardwick served as a Vancouver city councilor – first under the NPA, then briefly independent, then finally leading TEAM For A Livable Vancouver in the municipal elections – she gained a reputation for being very criticism of housing and density. . While housing activists tend to portray her as someone […]

Housing supply

RESCON plan proposes ways to solve housing supply crisis

Reports of lower housing demand and tighter market conditions are no reason to take the proverbial foot off the hook when it comes to building new homes. We are still in a housing supply crisis and desperately need new homes. This fact was recognized for the first time in many years by all levels of […]

Housing supply

California rewrote commercial zoning to boost housing supply. How will this affect Long Beach? • Long Beach Post News

The two laws, Assembly Bill 2011 and Senate Bill 6, mark a dramatic change in housing rules by essentially undoing local zoning to allow residential construction in office and commercial areas both that developers meet certain affordability, environmental and labor requirements. In Long Beach, commercial property owners are broadly supportive of the laws, which could […]

Housing supply

In New York, the supply of housing is not enough to meet the demand

The Housing Court in the Bronx is a crush on New Yorkers desperately battling eviction and dire living conditions, and others struggling to collect the rent they need amid rising interest and other expenses. “There are like rodents running around. There are cockroaches,” tenant Dwayne Osborne said. “Con Edison, DEP, Wi-Fi, they all keep coming […]

Housing supply

Freddie Mac Multifamily set to expand affordable housing supply initiative

Get instant alerts when news breaks on your stocks. Claim your one week free trial for StreetInsider Premium here. MCLEAN, Va., Oct. 07, 2022 (GLOBE NEWSWIRE) — To help address the national rental housing shortage and affordability crisis, Freddie Mac (OTCQB: FMCC) Multifamily today announced that it increases funding that supports newly constructed or extensively […]

Housing supply

Shortage of Housing Supply in Canada: Skilled Labor Capacity

OTTAWA – In June 2022, Canada Mortgage and Housing Corporation (CMHC) released Housing Shortages in Canada: Estimating What is Needed to Solve Canada’s Housing Affordability Crisis by 2030 (ESG 2030), which has taken initial steps to estimate the supply of additional housing needed to restore housing affordability by 2030. A significant challenge to achieving these […]

Housing supply

Labor shortage to restrict housing supply in Canada – CMHC

OTTAWA, Oct 6 (Reuters) – There are not enough skilled workers to build the new apartments and houses needed to meet growing housing demand in Canada’s most populous provinces, the national agency said on Thursday. housing. The Canada Mortgage and Housing Corporation (CMHC) said a shortage of skilled construction workers is a major challenge to […]

Housing supply

Construction sector warns rising costs will hit housing supply next year – The Irish Times

Rising costs will hit housing supply next year, according to a new report from lobby group the Construction Industry Federation (CIF). It comes as 96% of construction companies report an increase in the cost of building materials over the summer, with 85% expecting further cost increases this year. The rising cost of building materials has […]

Housing supply

Penn Announces Actions to Address Local Affordable Housing Supply in Sale of UC Townhomes

Craig Carnaroli, Penn’s senior executive vice president, wrote an op-ed in response to protests over the sale of UC Townhomes. Credit: Oscar Vasquez Penn broke his silence on the sale of University City Townhomes after months of protests, announcing a series of actions to address the broader lack of affordable housing in Philadelphia. In a […]

Housing supply

National planning regime is hurting housing supply in this country, property experts say

The government’s National Planning Framework (NPF) is making it harder to deliver much-needed housing and will make the situation worse unless it is removed, according to a new study by estate agents and estate advisers Savills. and which could have delivered 100,000 homes was dezoned as a direct result of the NPF in Meath, Kildare […]

Housing supply

RESCON releases 15-point action plan to increase housing supply

VAUGHAN, ONT. — The Home Builders’ Council of Ontario (RESCON) has released a 15-point action plan outlining changes the three levels of government can make to address the housing supply and affordability crisis. accommodations. The plan, Housing Ontario’s People Everywhere (HOPE), recommends five actions for each level of government. RESCON consulted with a wide range […]

Housing supply

California governor signs bills to increase housing supply

California Governor Gavin Newsom has signed a legislative package that state lawmakers hope will help solve the state’s housing crisis. He signed the package of 41 bills at a press conference Wednesday at the site of an affordable housing community project in San Francisco. Newsom said the bills will speed the construction of new homes […]

Housing supply

Why is the housing supply so low?

There is no other way to sugarcoat what is happening in the Canadian housing market: the country is facing a severe shortage of supply. Why is the housing supply so low? Current market conditions, whether record inventories or strengthening demand, have triggered a crisis in housing affordability. With interest rates rising and an inevitable increase […]

Housing supply

David Eby proposes sweeping housing supply measures that trump BC cities

After hinting at sweeping reforms to increase housing supply and control demand through more interventionist policies earlier this year, David Eby today outlined the potential flagship housing strategies he will put in place if he is named the new leader of the BC NDP party, and effectively the next premier of British Columbia. Eby previously […]

Housing supply

Rising interest rates and housing supply could threaten Hispanic wealth

Lack of retirement accounts, rising interest rates and low housing supply pose risks to building long-term Latin American wealth, a new report warns. why is it important: Even though Latinos have made financial and educational gains in recent decades, they lag behind their non-Hispanic white counterparts in critical indicators of financial well-being. The big picture: […]

Housing supply

‘Missed opportunity’ on measures to boost housing supply – Savills

Auctioneers Savills criticized the government’s housing measures in the 2023 budget, denouncing “the lack of measures in the budget to promote the supply of housing”, even as he welcomed the extension of the Help- to-Buy and the extension of stamp duty exemptions. New housing manager david browne said: “We are in the midst of a […]

Housing supply

System needed to track vacant properties to increase housing supply, conference says – The Irish Times

A reliable system to track the exact number of vacant properties statewide is needed to help increase housing supply, a conference heard. With growing pressures on services and a lack of private rental housing, the Simon Community’s Ending Homelessness conference heard that efforts to utilize empty buildings were insufficient. The 2022 census recorded 166,752 vacant […]

Housing supply

Queensland property tax ‘could jeopardize housing supply’

An industry body warns that controversial new property taxes could have a serious impact on Queensland’s overstretched rental market. The fear is that the new tax system will discourage interstate developers from investing in Queensland’s housing market. Changes made earlier this year mean that property tax will now be calculated based on land held across […]

Housing supply

Government regulation, interference hurting housing supply – Lake Cowichan Gazette

Letter: Government Regulation, Interference Harms Housing Supply Owners no longer control their property, the government no longer Government regulation, interference harms housing supply Subject: Rental housing crisis We are in a rental housing crisis. Government manipulation and continued interference in the industry have had […]

Housing supply

Government regulation, interference hurting housing supply – Cowichan Valley Citizen

Government regulation, interference harms housing supply Subject: Rental housing crisis We are in a rental housing crisis. Government manipulation and continued interference in the industry have had adverse effects. British Columbia had fair and balanced legislation and was one of Canada’s leaders in rental legislation. This is no longer the case. Owners no longer control […]

Housing supply

Closing the Wealth Gap by Improving Housing Supply — RISMedia

Home ownership is the most powerful tool for closing the racial and ethnic wealth gap. To underscore this point, Latino homeowners have 28 times the wealth of Latino renters and a median net worth of $171,900 versus $6,200. The wealth gap between Latino families and their non-Hispanic white counterparts narrows significantly when comparing the household […]

Housing supply

Ketchum considering temporary zoning changes to boost housing supply

The City of Ketchum is proposing temporary changes to its zoning code to address housing shortages and to address recent development trends that staff believe are moving the city in the wrong direction. The resort’s comprehensive plan, which was drafted in 2014, calls for a “strong and diverse economy” and a “vibrant city centre,” lead […]

Housing supply

Housing construction increases, but insufficient housing supply continues to drive up house prices

The number of sites under development for new homes increased by 15% in the second quarter of the year compared to the corresponding period in 2021, according to the latest data. Figures from the Office for National Statistics show a sharp rise in housing starts from April to June this year, with 51,730 homes under […]

Housing supply

Canada’s Housing Supply Crisis Looms: Re/Max Report

Housing supply in Canadian cities has seen a steady decline over the past decade and could be reaching a “crisis point”, according to a new report. The report, released Monday by Re/Max Canada, looked at active listings in July between 2012 and 2022 in eight major metropolitan areas across Canada. It revealed that seven of […]

Housing supply

BC Liberal leader promises increased housing supply, regional mental health centers – Coast Mountain News

B.C. Liberal Leader Kevin Falcon said during his address to delegates at the 2022 convention in Whistler that the province is heading in the wrong direction “in every way.” (Photo courtesy of the Union of British Columbia Municipalities) BC Liberal Leader Kevin Falcon speaks to reporters after his speech to delegates at the 2022 Union […]

Housing supply

BC Liberal leader promises increased housing supply and regional mental health centers

B.C. Liberal Leader Kevin Falcon said during his address to delegates at the 2022 convention in Whistler that the province is heading in the wrong direction “in every way.” (Photo courtesy of the Union of British Columbia Municipalities) BC Liberal Leader Kevin Falcon speaks to reporters after his speech to delegates at the 2022 Union […]

Housing supply

Local landlords first: Councils will have more of a say in housing supply

Photo: Depositphotos.com Local councils will have the power to allocate 50 per cent of all housing – both rental and less expensive owner-occupied – to people who already live in the locality, under new legislation tabled in Parliament on Tuesday by the Housing Minister Hugo de Jonge. The new law will also give councils the […]

Housing supply

Housing supply in Canada will reach ‘crisis point’ without intervention

Written by Erin Nicole Davis Things look bleak on the housing supply front in Canada. According to a new report from RE/MAX Canada, the housing stock could reach a crisis point in major Canadian centers without intervention. Released this morning, the 2022 Housing Inventory Report highlights the decline in inventory levels in Canada’s major housing […]

Housing supply

Proposed DHCR regulations will exacerbate housing supply problems

The affordable housing crisis in New York remains widespread. Photo: Community Housing Improvement Program The New York State Division of Housing and Community Renewal (DHCR) has proposed new rent-stabilized housing regulations that will leave thousands of apartments vacant, worsening New York’s affordable housing crisis. . The proposed rules would create a formula for setting rents […]

Housing supply

RESCON: More needed to boost housing supply

Breadcrumb Links New homes and condos Houses Developers are eager to work with the government to address housing supply and affordability challenges, but key hurdles such as a slow approval process still need to be cleared to build faster. Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission […]

Housing supply

Christopher Luxon denies national government actions have caused a housing supply problem in the state

Responding to questions on the issue, Prime Minister Jacinda Ardern said Rotorua’s population had increased but at the same time there were fewer public houses until the Labor Party came to power in 2017. Deputy National Party leader Nicola Willis has previously admitted there has been a net loss of public housing due to National’s […]

Housing supply

Local action to increase the supply of affordable housing

Local action to increase the supply of affordable housing Creative policymaking at the local level has been key to addressing the housing shortage and its impacts. Photo credit: istockphoto.com/eyecrave productions On June 23, 2022, the Bipartisan Policy Center hosted the Terwilliger Center Summit on Housing Supply Solutions in Washington, D.C. One panel, “Local Solutions for […]

Housing supply

Home supply key to controlling price growth and boosting affordability, banking group says – The Irish Times

Housing supply must “continue to grow” to moderate current price rises and improve affordability, the Banking and Payments Federation Ireland (BPFI) has said. In its latest assessment of the Republic’s housing market, the banking lobby group said the main driver behind the significant rise in average residential property prices – which are currently rising at […]

Housing supply

The state of housing supply: “Not enough housing for everyone”

Adobe Stock/burghs Economic uncertainty, inflation and rising mortgage rates cloud the picture of the US real estate market, which also faces a structural deficit of homes for sale and rental homes. During the “Getting Serious About Housing Supply: The State of the US Housing Market” webinar hosted by the Bipartisan Policy CenterJeff Tucker, senior economic […]

Housing supply

Increasing housing supply is not a panacea for the housing crisis

Canada needs to build more homes, faster, according to a recent report by the Canada Mortgage and Housing Corporation. The report estimates that British Columbia alone will need 570,000 new homes by 2030 to reach a moderate level of affordability of 44%. It’s no coincidence that housing construction has been gaining momentum among policy makers, […]

Housing supply

Trudeau targets $2 billion in spending to fix Canada’s housing supply and affordability issues

Prime Minister Justin Trudeau on Tuesday detailed plans to spend $2 billion to create more affordable housing in Canada. These expenditures include commitments made in the last two federal budgets. Trudeau said part of that $2 billion would go towards creating 17,000 new homes in Canada, the majority of which would be affordable housing. He […]

Housing supply

Trudeau targets $2 billion in spending to fix Canada’s housing supply and affordability issues – National

Prime Minister Justin Trudeau on Tuesday detailed plans to spend $2 billion to create more affordable housing in Canada. These expenditures include commitments made in the last two federal budgets. Trudeau said part of that $2 billion would go towards creating 17,000 new homes in Canada, the majority of which would be affordable housing. He […]

Housing supply

Calderdale housing shortage discussed by councilors in private rental sector debate

Calderdale councilors agreed that although landlord representatives cannot attend a meeting of the Oversight Committee to discuss the private rental sector, it would be good to get their input at a follow-up session. The report says many landlords provide a good standard of accommodation and manage their tenancies well, but some have limited understanding and […]

Housing supply

How Lenders Need to Innovate to Help Solve the Affordable Housing Supply Problem | Housing Finance Magazine

919039361464473 Creating sufficient housing supply, in whatever form, continues to be one of the country’s main challenges. With nearly a quarter of renter households spending 50% or more of their income on rent, the demand is certainly there. However, getting a deal to the starting line, let alone the finish line, requires experience and knowledge […]

Housing supply

Homelessness is a housing supply problem. Light Touch Density could be the solution, according to an AEI study

Addressing the Root Causes of Homelessness: Unaffordable Housing WASHINGTON, August 25, 2022 /PRNewswire/ — California more than a fifth1 of the total homeless population in United States, well above its population share of 12%. Between 2019 and 2020, homelessness in California increased by 6.8% – the most United States. Cities have been quick to respond […]

Housing supply

Supply and demand for housing: from famine to celebration

Wednesday, August 24, 2022, 11:09 a.m.Press release: Kiwibank Today we published our latest analysis on the current housing shortage in New Zealand and the housing market in general. The full note can be found here: https://inner.kiwi/commentary/housing-supply-and-demand-famine-feast/ The supply of new homes has far exceeded the anemic increase in demand for new homes over the past […]

Housing supply

NSW reveals $300m plan to boost housing supply

NSW reveals $300m plan to boost housing supply The Perrottet government has announced details of a plan it says will unlock development for tens of thousands of homes across the state. A number of high-growth councils are eligible to apply for a share of the latest round of Fast-Track Infrastructure Fund funding under an initiative […]

Housing supply

Murray joins local housing leaders to discuss housing supply

Margaret Salazar, HUD regional administrator in the Pacific Northwest, speaks to Sen. Patty Murray about funding for American Rescue Plan Act programs during a panel discussion Aug. 17. Staff of Senator Patty Murray Local housing leaders met with U.S. Senator Patty Murray on Wednesday at Olympia to talk about the American Rescue Plan Act and […]

Housing supply

Housing supply at its highest in a year

The latest OnTheMarket Property Sentiment Index, which reflects property market activity in July, has been released. It shows that the housing stock is at the highest level in a year due to seasonal returns in the housing market. It also reveals that there are no clear signs of political and economic uncertainty disrupting buyers or […]

Housing supply

New construction fell in July, further depleting housing supply

New home construction activity in the United States fell sharply in July, and the number of permits issued for new construction projects also fell, as rising mortgage rates and supply chain issues continued to cause what lawmakers are calling a national housing crisis. Seasonally adjusted housing starts fell 9.6% to 1.45 million units in July […]

Housing supply

Housing supply and affordability is a crucial election issue

GTA voters will head to the polls again in October to elect mayors and councilors for area municipalities. It is the level of government that has the most direct impact on the supply, location and choice of housing, and the choices voters make on Monday, October 24 will have a significant impact on the availability […]

Housing supply

Albo launches another bogus housing supply advice

Academics from the University of Adelaide and the University of South Australia have praised the Albanian government for announcing the establishment of a National Housing Supply and Affordability Council (NHSAC), claiming that he “could be the biggest and most impactful housing announcement of the year” this “is a major step towards a thoughtful and long-awaited […]

Housing supply

Ontario’s Speech from the Throne calls for ‘bold action’ on housing supply in the province

Ontario Premier Doug Ford kicked off a new legislative session today, re-introducing his government’s provincial budget, now titled Construction Plan (Budget Measures) Act, 2022 — in the Speech from the Throne. It is widely expected that the re-tabled budget – the largest in the province’s history – will be virtually the same as when it […]

Housing supply

Homebuilding industry releases five-point plan to address Ontario’s housing supply and affordability crisis

Content of the article Toronto, Aug. 09, 2022 (GLOBE NEWSWIRE) — Today, the Ontario Home Builders’ Association (OHBA) and the Building Industry and Land Development Association (BILD) released their key policy recommendations in a plan five points submitted for consideration by the provincial government. government for his new term. These priorities are based on the […]

Housing supply

South Korea postpones announcement of housing supply plan due to downpours

This photo, taken on Monday, shows a submerged parking lot of an apartment complex in the southern district of Gangnam due to heavy rain. (Yonhap) The government postponed its planned announcement of housing supply measures on Tuesday in a bid to focus on responding to damage from heavy overnight showers. The government had planned to […]

Housing supply

S. Korea to unveil inflation-fighting measures, housing supply plan this week

Apartments in Yeongdeungpo-gu in western Seoul are pictured. (Yonhap) South Korea will this week unveil additional measures to rein in inflation and a package of housing supply plans to help stabilize people’s livelihoods, the finance minister said Monday. The government plans to roll out soon-to-be-announced inflation-fighting measures ahead of the autumn Chuseok holiday next month, […]

Housing supply

Tenant protections vs housing supply: why not both?

As a rabid and boring advocate of increased density, it has been music to me to hear local leaders talk about the importance of more housing to solving our affordability crisis. However, some of the reinvigorated interest in the offer has apparently been used solely to deflect calls for consumer protections, such as rent stabilization […]

Housing supply

Ketchikan Borough Assembly passes reforms to boost housing supply

A view of Ketchikan from the top of the Edmonds Street stairs. In support of the plan, developer Bruce Hattrick said Ketchikan’s steep, rocky terrain makes it difficult and expensive to develop new lots. (KRBD File Photo) The Ketchikan Borough Assembly on Monday passed a four-part measure aimed at easing the area’s housing crisis. Beginning […]

Housing supply

Biden pledges stimulus funds to increase housing supply

Image source: Getty Images This is a measure that could help solve the affordable housing crisis. Key points Affordable housing is a major issue affecting people across the country. The Biden administration aims to solve the problem by allocating stimulus funds to build homes. Housing is the typical American’s biggest monthly expense. But for many […]

Housing supply

The US Treasury will increase the supply of affordable housing and reduce long-term housing costs for American families

The U.S. Department of the Treasury announced new guidance (July 27, 2022) to increase the ability of state, local, and tribal governments to use U.S. bailout (ARP) funds to boost the supply of affordable housing in their communities . The step follows a commitment in the administration’s recently released Housing Supply Action Plan to leverage […]

Housing supply

Town Center Empty Properties Fund ‘only touches the surface of housing supply’

Policy initiatives such as the Scottish Government’s recently announced Town Center Empty Properties Fund are only scratching the surface of the housing sector’s problems and something more fundamental and longer-term is needed, according to a property company. DJ Alexander Ltd believes that while the policies are to be commendable, they do not address the real […]

Housing supply

Treasury Announces New Measures to Increase Affordable Housing Supply and Reduce Long-Term Housing Costs for American Families

Treasury Releases Updated Guidelines and How-to Guide to Increase Investments in Affordable Housing Using U.S. Bailout Funds WASHINGTON – The U.S. Treasury Department today announced new guidelines aimed at increasing the ability of state, local and tribal governments to use U.S. bailout (ARP) funds to boost the supply of affordable housing in their communities. The […]

Housing supply

New Treasury Department measure aims to boost supply of affordable housing

The U.S. Treasury Department has issued guidelines aimed at increasing the ability of state, local and tribal governments to use U.S. bailout (ARP) funds to boost the supply of affordable housing in their communities. The Treasury Department step follows a commitment in the Biden administration’s housing supply action plan to mobilize ARP funds for affordable […]

Housing supply

Default masking shortfall in Sydney housing supply

Sydney faces a chronic housing shortage, due in part to the way housing targets are set, the Property Council of Australia has warned. The analysis showed that several districts in Greater Sydney were struggling to provide enough housing and were not meeting targets, said PCA NSW executive director Luke Achterstraat. “Every year that the house […]

Housing supply

Forget red or green tape, developers squeeze housing supply with gold tape

Planning departments across the country have been crucified for decades, but no one has turned the mirror the other way to see what developers are doing to preserve their profits. Certainly, infrastructure planning and delivery could be improved, but even if planners produced approvals overnight, that would not change the incentive to maintain a floor […]

Housing supply

Biz News: NHFIC Major Bank Lender RFP, Housing Supply, Waste BINGO, Revolve ReCYCLING, Powerhouse Ultimo Design Competition, Essity, ModiBodi, Archwey and more…

BUSINESS NEWS: NHFIC invites tenders from major bank lenders to expand panel of lenders for Housing Guarantee Scheme The National Housing Finance and Investment Company (NHFIC) has initiated a Request for Proposals (RFP) process, to enable ANZ and Westpac to join its main panel of bank lenders for the Home Guarantee Scheme – an Australian […]

Housing supply

Housing supply issues ‘rising on a location-by-location basis’: strategist

David Auerbach, managing director of Armada ETF Advisors, joins Yahoo Finance Live to discuss mortgage rates, housing supply, home buying sentiment and more. Video transcript [MUSIC PLAYING] Jared Blikre: Happy to see you again. Mortgage rates are rising again, with Freddie Mac reporting a 30-year fixed rate at 5.54%. How do these high rates affect […]

Housing supply

Need more housing supply to meet affordability

Housing affordability is collapsing rapidly in Arizona due to a general lack of inventory, rapidly rising prices and rising interest rates, according to a new report. Economists from the Common Sense Institute Arizona (CSI), a nonprofit research organization specializing in issues related to economic development, found that Arizona’s housing market is teetering on the brink. […]

Housing supply

Housing supply in Canada has exceeded household formation for two decades, says BMO

Canada’s oldest bank is stepping up its efforts to claim that the housing shortage is a myth. BMO Capital Markets wrote to clients Thursday morning with another data point – completions versus household formations. The bank’s analysis argues that home completions have outpaced household formations for two decades. However, easy credit and successive waves of […]

Housing supply

New Prime Minister faces housing supply crisis, warns NRLA

The NRLA warns the next Prime Minister must tackle the supply crisis in the private rental sector if homeownership ambitions are to become a reality. New survey data from the National Residential Landlords Association (NRLA) shows that the supply of rental housing is expected to continue to decline over the next year. According to this […]