Housing shortage fuels rising cost of homes in America
CBS This Morning, September 25, 2020, CBS News
The median price of a townhouse, home or condo soared above $300,000 for the first time over the summer. The average property is selling in just 22 days, faster than ever.
That new demand has run into an old problem. Since 1960, home prices across the country have risen more than four times faster than income, and many experts say the cause is frustratingly simple: America has a housing shortage. Some 400,000 fewer homes came up for sale this summer, compared to last, according to data from the National Association of Realtors and the U.S. Census Bureau.
Full Article... Video...
The Eviction Ban Worked, But It’s Almost Over. Some Landlords Are Getting Ready.
ProPublica, July 25, 2020, by Jeff Ernsthausen and Ellis Simani
The CARES Act was largely successful in keeping millions of American renters from facing eviction during the pandemic. As protections fade, some landlords are gearing up to return to court.
Starting July 25, a key component of the federal eviction moratorium is set to expire, allowing landlords that operate federally backed rental properties to give their tenants 30 days’ notice to vacate. After that period, landlords can file for eviction.
Is America's Housing Ready for an Aging Population?
United States Census Bureau, June 22, 2020, Jonathan Vespa
It should come as no surprise that older Americans overwhelmingly want to stay in their home as they age. But are their homes ready for them to stay?
For millions of older Americans, home is where they raised a family, hosted holidays and told bedtime stories to their children and grandchildren. It is often their nest egg as well as an anchor to their community.
But older homes don’t always meet the needs of older Americans, according to a new report from the U.S. Census Bureau.
Feds Pump Millions Into Disability Housing As Part Of Coronavirus Relief
DisabilityScoop, June 9, 2020, Michelle Diament
Federal officials are funneling millions of dollars into new housing opportunities for people with disabilities across the nation.
The U.S. Department of Housing and Urban Development said it is making available nearly $77 million to support as many as 8,300 housing vouchers for this population.
The funding for what’s known as the Section 811 Mainstream Housing Choice Voucher Program was announced late last month and is part of the CARES Act, a large coronavirus relief package approved by Congress in March.Full article...
3D Printed Houses For The Homeless
Business Insider, March 11, 2020, by Mary Meisenzahl
Small Austin, Texas-based startup Icon is betting that 3D printing is the key to solving the US' homelessness crisis and lack of affordable housing.
Last year, nonprofit Community First put $18 million into a tiny home village in Austin to help the chronically homeless get off the street. The village had space for 180 residents, who live in 200-square-foot homes, pay about $300 in rent, and have job opportunities on site. Now, Icon is bringing its 3D printing technology into the village to hopefully speed up the process, while also making it cheaper. The first residents are set to move in this spring.More...