Walker & Dunlop Survey Highlights Sentiment Around Affordable Housing Policies, Funding and Supply
Walker & Dunlop conducted its second annual survey among senior executives at the AHF Live conference, revealing key insights about affordable housing trends and policies. 94% of respondents support regional zoning policy changes to boost housing supply, while 84% oppose increasing trade tariffs for homebuilders.
On economic matters, 55% felt the Fed was effective in fighting inflation last year, though 75% expect more interest rate hikes. The survey shows increasing optimism for affordable housing investments, with 52% noting increased investments in the past year (up from 43% in 2023), and 70% expecting further growth in 2025.
Notably, 89% believe increased resources and supply can counter rising housing prices. The survey, conducted in November with 98-100 respondents, reflects a mix of optimistic and cautious views about the affordable housing sector's future.
Walker & Dunlop ha condotto il suo secondo sondaggio annuale tra i dirigenti senior durante la conferenza AHF Live, rivelando importanti informazioni sulle tendenze e le politiche riguardanti l'abitazione accessibile. Il 94% dei partecipanti supporta modifiche alle politiche di zonizzazione regionale per aumentare l'offerta abitativa, mentre l'84% è contrario ad un aumento dei dazi commerciali per i costruttori di case.
Sui temi economici, il 55% ha ritenuto che la Fed sia stata efficace nella lotta contro l'inflazione lo scorso anno, sebbene il 75% si aspetti ulteriori aumenti dei tassi d'interesse. Il sondaggio mostra un crescente ottimismo sugli investimenti in abitazioni accessibili, con il 52% che indica un aumento degli investimenti nell'ultimo anno (in aumento rispetto al 43% nel 2023), e il 70% prevede ulteriore crescita nel 2025.
In particolare, l'89% crede che l'aumento delle risorse e dell'offerta possa contrastare l'incremento dei prezzi delle abitazioni. Il sondaggio, condotto a novembre con 98-100 partecipanti, riflette una combinazione di opinioni ottimiste e prudenti sul futuro del settore delle abitazioni accessibili.
Walker & Dunlop llevó a cabo su segunda encuesta anual entre ejecutivos senior en la conferencia AHF Live, revelando información clave sobre las tendencias y políticas de vivienda asequible. El 94% de los encuestados apoya cambios en las políticas de zonificación regional para aumentar la oferta de viviendas, mientras que el 84% se opone a aumentar los aranceles comerciales para los constructores de viviendas.
En cuestiones económicas, el 55% sintió que la Fed fue efectiva en la lucha contra la inflación el año pasado, aunque el 75% espera más aumentos en las tasas de interés. La encuesta muestra un creciente optimismo sobre las inversiones en vivienda asequible, con el 52% señalando un aumento en las inversiones en el último año (en comparación con el 43% en 2023), y el 70% espera un crecimiento adicional en 2025.
Notablemente, el 89% cree que un aumento en los recursos y la oferta puede contrarrestar el aumento de los precios de la vivienda. La encuesta, realizada en noviembre con 98-100 encuestados, refleja una mezcla de opiniones optimistas y cautelosas sobre el futuro del sector de vivienda asequible.
워커 & 던롭은 AHF 라이브 컨퍼런스에서 고위 경영진을 대상으로 실시한 두 번째 연례 조사를 통해 저렴한 주택 트렌드와 정책에 대한 주요 통찰력을 공개했습니다. 응답자의 94%는 주택 공급을 늘리기 위한 지역 구역 정책 변경을 지지하는 반면, 84%는 주택 건설업체에 대한 tariff의 증가에 반대합니다.
경제 문제에 대해 55%는 지난해 연준이 인플레이션을 억제하는 데 효과적이었다고 느꼈지만, 75%는 향후 추가 금리 인상을 예상하고 있습니다. 이 조사는 저렴한 주택 투자에 대한 낙관적인 분위기를 나타내며, 52%는 지난해 투자 증가를 보고한 반면 (2023년의 43%에서 상승), 70%는 2025년에 추가 성장 기대를 하고 있습니다.
특히, 89%는 증가한 자원과 공급이 상승하는 주택 가격을 상쇄할 수 있다고 믿고 있습니다. 이번 조사는 98-100명의 응답자를 대상으로 11월에 실시됐으며, 저렴한 주택 부문의 미래에 대한 낙관적이고 신중한 견해의 혼합을 반영하고 있습니다.
Walker & Dunlop a réalisé sa deuxième enquête annuelle auprès des dirigeants lors de la conférence AHF Live, révélant des informations clés sur les tendances et les politiques concernant le logement abordable. 94% des répondants soutiennent des changements dans les politiques de zonage régional afin d'augmenter l'offre de logements, tandis que 84% s'opposent à la hausse des droits de douane pour les constructeurs de maisons.
Sur les questions économiques, 55% estiment que la Fed a été efficace dans la lutte contre l'inflation l'année dernière, bien que 75% s'attendent à de nouvelles hausses des taux d'intérêt. L'enquête montre un optimisme croissant concernant les investissements dans le logement abordable, avec 52% signalant une augmentation des investissements au cours de l'année passée (en hausse par rapport à 43% en 2023), et 70% s'attendant à une nouvelle croissance en 2025.
Notamment, 89% estiment que l'augmentation des ressources et de l'offre peut contrer la hausse des prix du logement. L'enquête, réalisée en novembre auprès de 98 à 100 répondants, reflète un mélange de points de vue optimistes et prudents sur l'avenir du secteur du logement abordable.
Walker & Dunlop führte seine zweite jährliche Umfrage unter leitenden Angestellten auf der AHF Live-Konferenz durch und enthüllte wichtige Erkenntnisse über Trends und Politiken im Bereich der erschwinglichen Wohnraumversorgung. 94% der Befragten unterstützen Änderungen der regionalen Zoning-Politik zur Steigerung des Wohnungsangebots, während 84% gegen steigende Handelszölle für Wohnungsbauer sind.
Zu wirtschaftlichen Fragen empfanden 55% die Fed als effektiv im Kampf gegen die Inflation im letzten Jahr, obwohl 75% weitere Zinserhöhungen erwarten. Die Umfrage zeigt ein wachsendes Optimismus für Investitionen in erschwinglichen Wohnraum, wobei 52% angeben, dass die Investitionen im vergangenen Jahr zugenommen haben (von 43% im Jahr 2023 gestiegen), und 70% weiteres Wachstum bis 2025 erwarten.
Besonders bemerkenswert ist, dass 89% glauben, dass erhöhte Ressourcen und Versorgung steigenden Wohnkosten entgegenwirken können. Die Umfrage, die im November mit 98-100 Befragten durchgeführt wurde, spiegelt eine Mischung aus optimistischen und vorsichtigen Ansichten über die Zukunft des Sektors für erschwinglichen Wohnraum wider.
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Survey was conducted among attendees at the annual AHF Live conference
Highlights of the survey results show overwhelming support for implementing regional changes to zoning policies to serve as a catalyst for boosting the housing supply. The results also indicate a bullish outlook by CRE leaders for increased investment in affordable housing in 2025.
The survey was conducted in November with attendees at the Affordable Housing Finance (AHF) Live conference, which brings together affordable housing developers, owners, management firms, and state housing agencies from across the country to share insights on the latest strategies and tools to help create and preserve much-needed housing. The majority of respondents to the anonymous survey were executives in senior leadership positions at some of the top firms and agencies involved in affordable housing development and financing.
Government Policies
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84% of respondents do not support increasing trade tariffs as a way to benefit home builders and home buyers. They felt that international engagement should not be sacrificed for national self-interest. The16% of “Yes” respondents believed that theU.S. should prioritize domestic needs. -
94% of respondents think regional changes to zoning policies could help boost housing supply. Respondents were by far in support of seeing changes made to regional zoning policies, with the sentiment being that restrictive zoning practices act as barriers to development and limit the creation of housing supply.
Inflation & Interest Rates
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55% of respondents feel the Fed was effective in combating inflation over the last year. "Yes" responses mostly indicated that recent rate changes, particularly two consecutive cycles of rate reductions, were beneficial. Those who did not feel the Fed was effective in stemming inflation reflected a broader, more cautious view of the entire year, focusing on the Fed’s stance over the long term.-
In 2023, which didn’t see rate cuts,
93% of survey respondents didn’t think the Fed was doing enough to increase the supply of affordable housing.75% of respondents actually didn’t think the Fed was done with interest rate hikes.
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In 2023, which didn’t see rate cuts,
Housing Prices
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89% of respondents think an increase in resources and supply can offset the rising prices for housing. Sentiment around “No” respondents felt there were better ways to manage pricing or housing affordability.
Investments in Affordable Housing
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52% of respondents said they have seen an increase in investments (debt and equity) in affordable housing in the last year. There is a mix of optimistic and realistic views on what the next year will look like under the new administration. While some respondents were hopeful for improvements, others took a more cautious stance, anticipating challenges. This reflects the complexity of the affordable housing issue and the differing perspectives based on political, economic, regional, and demographic factors.-
In last year’s survey, only
43% of the respondents said they had seen an increase in affordable housing investments during 2023.
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In last year’s survey, only
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70% of the respondents believe the appetite for investments in affordable housing will increase in 2025. With a mixed view of the level of investments seen in affordable housing in 2024, respondents are bullish that this will increase in 2025.-
In the 2023 survey,
58% of respondents said they expected to see investments in affordable housing increase in 2024.
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In the 2023 survey,
Sheri Thompson, executive vice president and head of affordable housing at Walker & Dunlop, emphasized the importance of staying connected with clients and gaining insights into the industry through collaborative efforts.
“The survey is a great tool to foster collaboration with our colleagues and get a pulse on our industry,” Thompson said. “Affordable housing deals are inherently complex, requiring creative solutions from debt to tax credit equity, soft funds to state agency funds in addition to the full spectrum of capital resources in between. Our team understands these complexities and we have built a platform that enables us to adeptly advise and help developers navigate them.”
Walker & Dunlop’s Affordable Housing Platform brings together a dedicated group of experienced specialists who provide our clients with solutions to achieve their unique affordable housing objectives. Our team has the deep expertise and capability to provide investment sales and capital advisory services, debt (HUD, Fannie Mae, Freddie Mac, other capital markets sources) and equity (LIHTC, conventional, programmatic joint-venture) financing, as well as opportunities to invest in the preservation and revitalization of affordable properties. To learn more about our capabilities and financing options, visit our website.
Methodology
Sample sizes for the 2024 questions ranged from 98-100 respondents.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241217434429/en/
Nina H. von Waldegg
VP, Public Relations
Phone: 301.564.3291
info@walkeranddunlop.com
Source: Walker & Dunlop, Inc.
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