Month: September, 2006

Multi-housing families?

29 September, 2006 (14:29) | Uncategorized |

If the astonishing long-term strength of American home prices is not to disappear in a cyclical downturn, there must be permanent structural changes in US housing demand.  One such is the evolving modern home.  For another, consider this:
 
Could some households own more than one house?
 

How many houses in your family group?
 
Aside from the classical summer […]

Today’s affordability gap: Part 4, how

28 September, 2006 (09:34) | Uncategorized |

[Continued from Part 1, Part 2, and Part 3.]
 

Michael Grunwald’s Washington Post essay highlighted one reason we have a workforce affordability gap — state and particularly local development restrictions that limit new supply and push up the price of those that are developed.
 

Now let’s go through door number two
 

But there’s another reason: […]

Today’s affordability gap: Part 3, why

27 September, 2006 (10:11) | Uncategorized |

[Continued from Part 1 and Part 2.]
 

In Parts 1 and 2 we followed Michael Grunwald’s Washington Post essay on the rising income floor needed to afford market housing — but if there are people with money to pay for housing, why isn’t there more housing to buy with it?

In many communities, local regulations have […]

Today’s affordability gap: Part 2, what

26 September, 2006 (11:01) | Uncategorized |

[Continued from yesterday’s Part 1.]
 

Yesterday’s post examined Michael Grunwald’s Washington Post essay on the silent crisis in housing affordability that is moving in to the nation’s middle and upper-middle income neighborhoods, to say nothing of what it is doing to those at the lower end of the scale:

Today, for every one of the […]

Today’s affordability gap: Part 1, where

25 September, 2006 (12:44) | Uncategorized |

The Washington Post’s Michael Grunwald, in an essay that’s gaining a fair bit of buzz in the housing community, puts a human and neighborhood face on the affordability gap that we featured in Web Update 58 (link in .pdf):
 

In the past five years, housing prices in Fairfax County have grown 12 times as fast […]