This new fellowship is funded through a generous $75,000 donation from Ronald G. Burg, ACI executive vice president, and Jeffrey W. Coleman, ACI president, 2020-2021.
Regulations imposed by all levels of government account for $93,870, or 23.8 percent of the current average sales price ($397,300) of a new single-family home.
Housing affordability weakened slightly during the first quarter of 2021 as rising material costs and supply shortages along with expected increases in mortgage rates stemming from a growing economy are likely to exacerbate affordability challenges in the year ahead.
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