Affordable Housing Challenges in Economy Slowdown

The rapid appreciation of homes over the last few years, and the even more rapid rise in mortgage rates resulting from the Fed’s efforts to control inflation, have crushed affordability for aspiring homebuyers.

Builders have slowed construction as they work to manage inventory levels in a softer demand environment.

RSM Real Estate Senior Analyst Crystal Sunbury explains in a recent note that the cooling in demand means the industry needs to find ways to navigate the challenge of affordability.

According to Crystal:

  • Builders are adjusting pricing and incentives, such as rate buy downs, to continue selling inventory and help offset affordability constraints for buyers.
  • To help mitigate some of the supply-chain challenges and stabilize build times, companies are adding suppliers and providing lead time on future needs.
  • Builders are expanding into build-to-rent options to cater to Americans who desire affordable housing.
  • Increasing compensation and benefits is an important step in attracting labor, along with proactive approaches like partnering with trade high schools and technical colleges to recruit future employees.

CCR NYC September 28th, 2023 Noon to 4 PM at Penthouse 45.
The 14th Annual 2024 Hybrid Summit will be held January 2024, Date & Location TBD.

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January 26th, 2023
The 13th Annual Hybrid Summit was held on January 26th, 2023 Noon to 4 PM EST.

Virtual Women in Construction: Building Connections was held on December 14th, 2022, 1 PM to 2 PM EST via a Zoom. 2023 Virtual Women in Construction TBD.

2023 Virtual Men’s Round Tables

2023 Men’s Round Table #1 will be held Q3, 2023

2023 Virtual Women’s Round Tables

2023 Women’s Round Table #1 will be held Q3, 2023


Casino Royale goes big to join Resorts World

The trend in Las Vegas Strip construction has been toward eliminating small hotels and constructing larger buildings that feature multiple brand-name hotels and boutique properties under one roof. The newest is the $4.4 billion, 3,500-room Resorts World Las Vegas, which includes a Hilton, Crockfords and

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