Four from five American households think the country is suffering from housing affordability crisis and at 75 percentage report this is an issue in the country and local level also, according to a new national survey conducted by Morning Consult on behalf of this National Association of Home Builders (NAHB).
“Housing affordability is near a 10-year low and this poll confirms the challenges hard-working families face to keep housing within reach as rising costs continue to outpace wage growth,” stated Greg Ugalde, NAHB chairman and also a house builder and developer from Torrington, Conn. “Policymakers must roll back inefficient zoning rules, costly impact fees and outmoded land development regulations that are driving up housing costs, contributing to the mounting lack of affordable housing and hurting middle- and low-income households.”
More compared to 19,800 adults have been surveyed August to evaluate the public’s mindset on if it’s the shortage of affordable housing is an issue in their own neighborhoods, towns, nations and nationally. The survey cuts across cultural, regional, socioeconomic and demographic lines. Among its crucial findings:
- 80 percentage of respondents think that a shortage of affordable housing is a problem from the U.S.
- 78 percent think this is a problem in their own state.
- 75 percent mention home affordability as a factor within their own town and 76 percent state it’s a problem in their own county.
A similar poll conducted in late November shows that the housing cost situation is worsening. Nationwide, 73 percentage of respondents reported at the end of last year a lack of affordable housing is a issue, 68 percent stated that this is a problem in their condition and 54 percent cited home price as a concern within their neighborhood.
Asked about possible solutions to the housing affordability issue, economists at the August survey expressed modest-to-strong service for many policy prescriptions set forth by different candidates for national elected office.
For instance, 64 percent stated they’d support a proposal to expand government plans to boost the supply of affordable rental housing.
This was followed closely with 62 percentage who said they’d support a proposal to offer grants to households in regions historically impacted by housing arrangements to aid with a deposit on a house.
And 57 percent stated they’d support a proposal to raise taxes on the wealthiest Americans to cover rehabilitation and construction of rental housing that’s affordable to lower-income families.
More than half the respondents–52 percent–said they’d support a proposition to decrease regulations, for example restrictive zoning and permitting processes, which raise the costs of building new houses.
The survey can also be consistent with the latest findings in NAHB’s Housing Trends Report for its next quarter of 2019, which finds 80 percentage of buyers say that they could afford to buy fewer than half the houses available in their local markets.
When asked that of those two leading political parties will be more inclined to do it to lessen the expense of home from the United States, respondents gave the advantage to the Democratic Party (36 percentage ) within the Republican Party (21 percentage ). Another 24 percent said neither party, and 18 percent stated that they did not know or were not sure.
This nationwide survey of 19,801 adults has been conducted Aug. 9-24, 2019 from the polling company Morning Consult. It includes a margin of error of ± 1 percentage.