#housing-supply

#housing-supply

The drop in would-be movers, who own a home but are looking to either move to somewhere bigger or downsize, fell more sharply, down 16.8pc year-on-year in August. Those movers who did get a loan are looking to borrow more, an average of €384,887, compared with the €325,934 average for first-time buyers. The slowdown among movers ­combined with the lack of new housing completions points to a further strain on supply for first-time buyers.

Canada's housing agency says the weakening condo market in the Toronto region has some parallels to the crash of the early 1990s, but several factors mean the current downturn will likely be less severe. Canada Mortgage and Housing Corporation says in the new report that a more diverse and stable economy, stricter lending rules, and an underlying shortage of homes in the Greater Toronto Area will all help soften the effects of the market pullback.

Ministers have told officials at the Environment Agency to wave through planning applications with minimal resistance, as part of a major regulatory shakeup designed to increase economic growth and plug the government's financial hole. Officials at the agency say they have been told to do as little as legally possible to prevent housing applications from being approved, with the government also drafting in senior advisers from the housing department to speed up the process.

We are one week away from the Recall Joel Engardio election, which is motivated mostly by animus over the Great Highway closure, but also to some degree over the fact that Engardio supports upzoning the west side so that it can be more than just mostly single-family homes in the future. Yet despite that headwind, SF Mayor Daniel Lurie remains determined to upzone the west side so it's more than just mostly single-family homes.

The Trump Administration is signaling that it intends to attack the affordability crisis and chronic undersupply from multiple angles talking openly about declaring a national housing emergency, freeing up federal land, leaning on localities to permit faster and denser, trimming closing costs, exploring rate-transfer ideas, boosting construction capacity, revisiting mortgage product design (including multigenerational mortgages), lowering MBS spreads via capital and liquidity moves, and potentially releasing Fannie Mae and Freddie Mac from conservatorship.

Several housing organizations, like the National Association of Home Builders and Mortgage Bankers Association, have expressed support for the legislation, arguing that it will open doors for homeowners and would-be homeowners to build generational wealth and equity. The move would also address the nation's housing supply crisis. Still, industry leaders caution that federal backing alone won't solve all the obstacles. Challenges around valuation, underwriting and builder capacity remain barriers to scaling ADUs into a widespread affordability solution.

Bozeman's median household income in 2023 was $79,903, and the owner-occupied housing unit rate was 44.6% between 2019 and 2023, indicating a high level of renter-occupied units.