Homeownership Affordability Challenges Continue in 2021

Source: The World Property Journal — 

Americans trying to buy a home in 2021 are slowed down by escalating bids from other buyers and challenges finding homes they can afford, according to survey results from National Association of Home Builders’s most recent Housing Trends Report.

“The value of homeownership has never been greater as evidenced by the increase in active buyers this year,” said NAHB Chairman Chuck Fowke. “Home builders are eager to meet this demand, but are hamstrung by high lumber costs. Policymakers must seek out solutions to resolve the lumber price problem to help more families achieve the American Dream.”