Spring 2023 Affordable Housing Trends; Renters Turn Glum About Future Homeownership Prospects; And How Inflation Differs For Renters vs. Homeowners.
Chandan Economics
Economic Advisors and Data Scientists to the Real Estate Industry
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Affordable Housing Trends Report Spring 2023
Arbor Realty Trust
Even with concerted public and private initiatives, the affordable housing shortage has persisted in cities and communities across the U.S. Arbor’s Affordable Housing Trends Report Spring 2023, developed in partnership with Chandan Economics, analyzes the challenges and assesses the outlook of a sector that has gained more investor attention amid growing economic headwinds.
Locked Out: Most Renters Anticipate a Lifetime Without Homeownership
Maia Peterson
For Americans hoping to access homeownership, not only have financing costs become more expensive, but they also anticipate difficulty qualifying for a mortgage due to tight underwriting standards. According to the survey, 65.9% of people anticipate it would be difficult to obtain a mortgage if they wanted to buy a home today, rising from 63.2% in the 2022 survey.
Adjusted CPI Inflation Falls to 2.4% for Homeowners, 5.1% for Renters
Jonathan O'Kane
While headline inflation data describe economy-wide inflation for the average consumer, personal inflation rates can differ widely depending on whether someone rents or owns their home.
Chandan Economics estimates that the adjusted CPI inflation rate for renters was 5.1% in March 2023. Meanwhile, the adjusted CPI inflation rate for homeowners was just 2.4% in March, falling from 3.4% the prior month.
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Start of April Economic Update
SVN Research
The outlook for SFR in 2023, meeting minutes from the March FOMC meeting, an updated timeline for construction backlogs, and more.