Housing Supply, Attainability & Affordability

 
Housing Affordability, Supply & Attainability

REALTORS® strive to ensure all Americans have the opportunity to achieve homeownership, which is the centerpiece of the American Dream and the pathway to economic well-being and intergenerational wealth building. However, an historic 50-year record shortage of homes available for purchase has severely limited access to the residential real estate market.

A recent National Association of REALTORS® (NAR) study estimates that the U.S. has developed an “underbuilding gap” of at least 5.5 million housing units over the last 20 years. This translates into a more than $4 trillion underinvestment in housing. Even relatively modest steps taken now to reduce this gap will unleash tremendous economic activity and create millions of new jobs.

The Northern Virginia Association of REALTORS® (NVAR) supports efforts to increase the supply of housing affordable to all income levels as we look to fill housing needs across the region. NVAR is committed to the development and preservation of diverse housing stock and to preserving the dream of homeownership for the greatest number of people possible.

  • Local Advocacy Priorities

  • State Advocacy Priorities

  • Federal Advocacy Priorities

MC



“Homeownership unlocks generational wealth yet is unattainable for many. We must prioritize affordable and attainable housing, boost housing supply, and acknowledge that while there is no universal solution, inaction is not a choice we can afford to make.”
Miranda Carter, Vice Chair, Public Policy Committee