Survey: Many renters see home ownership as unattainable goal due to affordability

Freddie Mac reported that just 24 percent of respondents to the survey said they were “extremely likely” to buy a home, which is a double-digit drop from four years ago. (WSJ, subscription required/Inman News/The Real Deal)

“The notion that there’s a housing affordability crisis is not new,” said Freddie Mac’s incoming chief executive, David Barickman. “But this is really bringing it closer to home in terms of what people are doing about it.”

Home building shortfalls huge part of affordability problem for cities

The Harvard Joint Center for Housing Studies released a report which shows that new housing construction is failing to keep pace with demand. The 1.2 million homes added last year fall short of what is estimated to be a need for 1.5 million homes. (Inman)