What’s on our radar
- Infographic: The Cost of Housing Around the GlobeShelter is one of life’s basic necessities. The biggest problem for millions of people around the world is that housing is often not affordable. What percentage of the average monthly income is required to afford the average mortgage payment? How much is rent in a local city compared to average New York City prices? This infographic examines the affordability of mortgages and rent in 102 countries around the world in a spectacular data visualization.
- These cities have the toughest laws for home builders — and the highest property prices‘There is no incentive for local municipalities to change anything because homeowners vote, and homeowners understandably want to protect their home values.’ Heavily-regulated land-use zoning has become the norm across the United States over the last decade — and there’s strong reason to believe that has driven housing costs higher in many cities. But in some parts of the country, land-use zoning is particularly stringent. A new working paper from researchers at the University of Pennsylvania and Harvard University examined the change in local zoning laws since 2006, based on survey data collected in 2006 and in 2018. Using that data, the researchers created an index that calculated where land-use regulations were the most onerous.
- Amazon, Apple, Google, Zigbee Alliance and board members form working group to develop open standard for smart home devicesProject Connected Home over IP Intends to Simplify Development for Device Manufacturers and Increase Compatibility for Consumers. Amazon, Apple, Google, and the Zigbee Alliance today announced a new working group that plans to develop and promote the adoption of a new, royalty-free connectivity standard to increase compatibility among smart home products, with security as a fundamental design tenet. Zigbee Alliance board member companies such as IKEA, Legrand, NXP Semiconductors, Resideo, Samsung SmartThings, Schneider Electric, Signify (formerly Philips Lighting), Silicon Labs, Somfy, and Wulian are also onboard to join the working group and contribute to the project. The goal of the Connected Home over IP project is to simplify development for manufacturers and increase compatibility for consumers. The project is built around a shared belief that smart home devices should be secure, reliable, and seamless to use. By building upon Internet Protocol (IP), the project aims to enable communication across smart home devices, mobile apps, and cloud services and to define a specific set of IP-based networking technologies for device certification.
- Executive Order Establishing a White House Council on Eliminating Regulatory Barriers to Affordable HousingBy the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Purpose. For many Americans, access to affordable housing is becoming far too difficult. Rising housing costs are forcing families to dedicate larger shares of their monthly incomes to housing. In 2017, approximately 37 million renter and owner households spent more than 30 percent of their incomes on housing, with more than 18 million spending more than half of their incomes on housing. Between 2001 and 2017, the number of renter households allocating more than half of their incomes toward rent increased by nearly 45 percent. These rising costs are leaving families with fewer resources for necessities such as food, healthcare, clothing, education, and transportation, negatively affecting their quality of life and hindering their access to economic opportunity.
- Dr. Ben Carson Secretary of Housing and Urban Development Manufactured Housing Conference RemarksThank you, Joe [Stegmayer, MHI Chairman], for those kind words. And thank you to MHI for inviting me to join you this morning. On behalf of HUD, it is a privilege to share my vision for addressing America’s affordable housing challenges – and the role of manufactured housing – with so many leaders and pioneers of the industry here today. Under President Trump’s leadership, our nation is witnessing historic highs in employment, job creation, and economic growth. The financial optimism of everyday Americans has surged to an 18-year high, and is nearing an all-time record. For those families who have access to affordable housing, they are facing their bright futures with confidence. And yet a serious challenge still persists: millions of hardworking Americans who seek affordable rents or sustainable homeownership simply cannot get their foot in the door. We have reached the point where many of our nation’s teachers, nurses, police officers, and firefighters struggle to live in or around the communities they serve. What they face is a critical shortage in our country’s supply of affordable homes.