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Home mortgage payments have risen from 23% of household income in November 2019 to nearly 39% in November 2023
Theses buildings must be highly energy efficient, free of onsite emissions from energy use, and powered by clean energy.
Completions totaled 440,000 in 2023, boosting supply to the highest levels since 1987
Meanwhile, it appears that builders have found ways to try to work around rising prices.
Moves to the Southeast and Southwest continued to lead the way
Austin was the big winner, growing its workforce by 22.3%
Southern states gained the lion's share of the new additions
Builders continue to take financial hits to try to lure buyers
New York's apartment pipeline is one of the fullest in the nation with 20,000 units under construction
The decline follows two previous quarters when the index rose