#housing-supply

#housing-supply

Since surging in 2020, home prices in the United States have continued to trend upward through 2025. The median list price for a single family home in the U.S. hit a 2025 high of $440,950 in June. While list prices have fallen since, at $425,000 in September, they are still nearly $25,000 higher than they were at the start of the year, according to data from Realtor.com.

The Federal Reserve's decision this month to cut its benchmark interest rate by 25 basis points was encouraging news for Americans eager to become homeowners. Although mortgage rates aren't set by the Fed, they are impacted by its policy changes. Indeed, prior to and in anticipation of the Fed's announcement, mortgage rates fell to their lowest level since October 2024, with the 30-year fixed rate dropping to 6.39% spurring a 29% spike in mortgage loan applications.

The combination of a significant slowing of residential house building and an influx of new student accommodation in a North London borough risks creating an unbalanced community, the local authority has warned. Brent Council is proposing a pause on all new purpose built student accommodation (PBSA), particularly in Wembley, due to fears it will inhibit its plan to address local housing shortages and no longer provide a balanced and mixed community.

"They're sitting on two million empty lots," he wrote. "I'm asking Fannie Mae and Freddie Mac to get Big Homebuilders going and, by so doing, help restore the American Dream."

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.

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.