40.5 million households can only afford to purchase a $150,000 home

The recent decrease in costs is welcome relief for homebuyers, but many West Coast markets remain expensive

The total number of single-family permits reached 241,311 year-to-date, with the West seeing the greatest rise

Multifamily rent growth, specifically, is decelerating since its year-over-year peak of +16.3% in 2022, but in many markets, single-family rents are continuing to rise

Homebuyers are actively seeking out smart features to increase their homes' resale value

US rents have increased 3.6% year-over-year, pushing the amount renters must earn to afford average rents to around $80K

Current sentiment has NAHB projecting that multifamily starts will decrease by 28% during 2024 as developer activity slows

Of the growing number of adaptive reuse projects in 2023, hotel conversions stole the show, surpassing office-to-apartment conversions

A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable