Builders Mark National Homeownership Month With Efforts to Meet Workforce Housing Needs
June is National Homeownership Month and NAHB is marking the occasion by stepping up its efforts to educate the public about the challenge of providing affordably priced housing for America's working families.
“The economic, financial and personal benefits of owning a home should be available to everyone,” said NAHB President Bobby Rayburn. “Working families are the backbone of our country, and during National Homeownership Month, the members of NAHB are renewing the commitment to meeting their housing needs.”
Although the nation’s homeownership rate now stands at a record 68%, a recent study by the National Housing Conference (NHC) found that the median income of the nation’s elementary school teachers, police officers, licensed practical nurses, retail salespersons and janitors is below the $50,000 needed to qualify for a median-priced $156,000 home. In cities and the surrounding suburbs, these workers only have about a 30% chance of owning a home in the community they serve.