Bridging the Affordable Supply Gap

One of the biggest factors affecting housing affordability is the availability of affordable homes. Limitations of inventory have led to large spikes in average home price. But by better understanding where demand truly lies, we can begin creating more suitable supply.

Sources:

Fannie Mae, "Future Homebuyers," Single-Family Strategy & Insights unpublished research (November 2019). | Fannie Mae, "Builders," Single-Family Strategy & Insights unpublished research (December 2019). | Hayward, "Affordable Housing Crisis Demands Renewed Focus on Housing Supply," Fannie Mae Perspectives (March 2019). | MetroStudy, “Activating the Millennial New-Home Buyer,” (January 2016). | Taylor, “A Growing Problem in Real Estate: Too Many Too Big Houses,” The Wall Street Journal (March 21, 2019). | Evangelou, "Wage Versus Home Price Growth," National Association of Realtors (March 2019). | Hickey, "2019 State of the Nation's Housing Report: Lack of Affordable Housing," Habitat For Humanity (2019).