Core Viewpoint - The article discusses President Trump's announcement to take measures to prevent institutional investors from purchasing single-family homes in the U.S., aiming to reduce housing costs for Americans. This move has led to a significant drop in the stock prices of major rental and management companies in the housing sector [3][4]. Group 1: Housing Affordability Crisis - Housing affordability has become a pressing issue for the White House, especially with the upcoming midterm elections. Trump highlighted that the dream of homeownership is increasingly out of reach for many Americans, particularly the youth [5]. - A report from the National Association of Realtors indicates that the proportion of first-time homebuyers has fallen to a historic low of 21%, with the median age of first-time buyers rising to a record 40 years [6]. - High home prices and mortgage rates hovering between 6% and 7% have made it difficult for many young Americans to own homes [6]. Group 2: Institutional Investors and Housing Market - Institutional investors have been criticized for contributing to high housing prices, particularly after purchasing foreclosed homes during the 2007-2009 financial crisis and converting them into rental properties [8]. - Various measures are being taken at federal and local levels to limit institutional investors, with 22 states proposing bipartisan legislation to restrict their activities in 2025 [8]. - The American Homeowners Alliance expressed support for government focus on housing affordability, noting that each home purchased by institutional investors reduces options for owner-occupiers [8]. Group 3: Market Data on Institutional Investors - A report from the American Enterprise Institute revealed that in Q1 2024, various investors purchased 25% of homes, while institutional investors accounted for only 1% of home purchases [9]. - Institutional investors hold a minimal share of the overall housing stock, with data showing they owned just 1% of single-family home inventory as of June last year [10]. - Blackstone's report indicated that it owned only 0.06% of single-family homes, and the overall share of institutional investors in the U.S. single-family housing market has decreased by 90% since 2022 [10].

中期选举临近，住房负担能力已成为白宫日益重视的议题。 特朗普去年末计划推出50年期住房抵押贷款以降低贷款者月供压力，但此举迅速遭到市场质疑。住房经 济学家认为，购房者需要更长时间才能积累房屋净值，若住房供应未能增加，可能会导致房价上涨，抵 消潜在的节省。高盛分析师去年10月发布报告表示，美国需要比正常建设速度增加300万到400万套住 房，才能帮助缓解住宅房地产价格。 机构投资者要为高企房价背锅？ 当地时间1月7日，美国总统特朗普表示，他将采取措施阻止机构投资者在美国购买独栋住宅，并表示此 举将有助于降低美国人的住房成本。 特朗普当日在社交媒体上写道："我将立即采取措施，禁止大型机构投资者购买更多独栋住宅，并将呼 吁国会将其立法化，房子是给人住的，而不是给公司住的。" 上述消息一经公布，主要房屋租赁和管理公司的股价应声大跌。美国最大的独栋住宅租赁所有者 Invitation Homes公司的股价当日下跌6%，美国房屋租赁公司American Homes 4 Rent下跌超4%，建筑材 料提供商Builders FirstSource下跌5.6%。该领域重要投资者黑石集团的股价下跌近6%。 中期选举临近，解决住 ...

格隆汇12月26日｜近期，美国"斩杀线"成网友热议焦点，"美国流浪汉"也成网友关注的焦点。据美国住房和城市发展 部(HUD)2024年《年度无家可归评估报告》(AHAR)的时点计数(PIT)数据显示，美国单夜无家可归者总数达到771,480 人，这是自2007年开始此项统计以来的最高值，相当于每10,000名美国人中就有23人处于无家可归状态。 报告还称，美国无家可归者人数大增的主要原因是住房危机、通货膨胀、自然灾害、疫情期间颁布的纾困措施到期终 止，以及入美寻求避难的移民人数大增等。 从规模变迁来看，疫情之前美国无家可归者人数波动不大，甚至有小幅下降趋势；疫情之后，这一数字开始激增： 2019-2024年间，美国无家可归者累计增长203,765人，增幅超35.9%。从居住状态来看，虽然64.5%的无家可归者生活 在庇护所内，但仍有超过27万人处于无庇护的流浪状态。 从性别与年龄结构来看，无家可归者并非刻板印象中"以成年男性为主"，而是呈现出向全年龄层、全性别蔓延的特 征。性别维度上，男性占比59.6%，女性占比39.2%，接近总数的四成；年龄维度上，18岁以下儿童占比19.2%（主要 集中在带儿童家庭中）， ...

尽管短期压力仍在，但法国建筑业联合会预计，2026年法国建筑业整体活动有望实现1.8%的小幅回 升，主要由新建住宅建设预计增长9.5%的前景拉动，前提是政府目前提交的预算草案能够顺利获得议 会通过。 新华财经巴黎12月16日电（记者李文昕）法国建筑业联合会（FFB）16日公布的数据显示，2025年法国 建筑业继续走弱，行业经济活动预计同比下降4%。不过，该协会预计，2026年该行业有望迎来小幅回 暖。 自2022年年中以来，法国建筑业持续承压，新建住宅市场低迷成为主要拖累因素。2024年，法国建筑业 经济活动已同比下降5.5%。其中，新建住宅建筑活动同比下降8.8%，而非住宅建筑（包括商业地产、 办公楼和酒店等）活动下降6.6%。 法国建筑业联合会主席萨勒龙表示，希望社会各界能够对当前形势形成"真正的警觉"。他指出，住房危 机仍在不断加剧，若长期得不到解决，未来很可能引发民众抗议。 就业方面，萨勒龙表示，法国建筑业2025年已减少约2万个岗位，2026年可能还将再流失约1万个岗位。 他估算，自2022年危机以来，该行业累计流失的就业岗位已达6.5万个。 相比之下，建筑改善与维护业务前景依旧偏弱。法国建筑业联合 ...

Core Insights - New York City Council has approved two of the largest community development plans in 25 years, aiming to build 26,500 new housing units in Queens, addressing the city's severe housing crisis [1][5] - The two main areas targeted for development are Jamaica and Long Island City, with significant investments in infrastructure and public facilities [3][4] Group 1: Development Plans - Jamaica will see the redevelopment of 230 blocks, resulting in approximately 11,800 new housing units, alongside a $413 million investment in infrastructure improvements [3] - Long Island City will cover 54 blocks, with plans for around 14,700 new apartments and a $2 billion investment in schools and parks [3] Group 2: Political Context - The upcoming mayoral election has made housing a key issue, with candidates promising to push for the construction of hundreds of thousands of new homes [4] - The Long Island City development area overlaps with the district of candidate Zohran Mamdani, contrasting with the previous Amazon headquarters proposal that was rejected in 2018 [4] Group 3: Government Response - Mayor Eric Adams described the approved plans as a critical step in transforming New York, projecting the creation of thousands of jobs and vibrant new communities [5] - The total public investment for these housing initiatives exceeds $2.4 billion, primarily targeting middle- and low-income families [5]

Core Insights - The article highlights the disparity between high GDP figures in the U.S. and the reality of income inequality, where a significant portion of wealth is concentrated among the top 1% while the bottom 90% experience sluggish income growth [1][3][13] Economic Disparity - From 1979 to the present, income inequality in the U.S. has widened significantly, with the top 1% capturing most of the economic growth, while the bottom 90% see minimal income increases [1] - The Gini coefficient, a measure of income inequality, increased by approximately 20% from 1980 to 2016, indicating a growing wealth gap [3] - The Federal Reserve reports that income inequality is linked to rising corporate debt, contributing to overall financial fragility [3] Inflation and Cost of Living - Inflation remains a pressing financial challenge for many Americans, with one-third of adults citing it as their top financial concern for 2024 [5] - Housing costs are a major contributor to inflation, accounting for two-thirds of inflationary pressures from 2024 to 2025, with housing prices having risen by 60% over the past six years [5][7] - The average American household is increasingly burdened by housing costs, with 31.3% spending over 30% of their income on housing [5][7] Healthcare Costs - The U.S. has the highest healthcare spending globally, with total expenditures reaching $4.9 trillion in 2023, translating to an average of $14,570 per person, a 7.5% increase from 2022 [9] - Nearly half of adults report finding healthcare costs burdensome, particularly among uninsured and minority populations [9] Education Debt - Student loan debt in the U.S. is projected to reach $1.814 trillion by 2025, affecting approximately 43 million borrowers [11] - The financial strain from education debt is compounded by rising living costs and stagnant wages, creating a cycle of financial difficulty for many households [11][13] Conclusion - The article underscores the disconnect between high GDP figures and the lived experiences of many Americans, suggesting that without addressing these systemic issues, social tensions may escalate [13]

Group 1 - The sales of condominiums in Toronto and Vancouver are declining despite efforts to increase new housing construction, leading to rising inventory and the cancellation of numerous projects [1][3] - According to the Canada Mortgage and Housing Corporation (CMHC), condominium sales in Toronto dropped by 75% from 2022 to Q1 2025, while Vancouver saw a 37% decline, with Toronto's sales down 21.7% year-over-year and inventory exceeding 20,000 units [3][4] - The current housing crisis persists with many properties remaining unsold for months, as potential buyers are hesitant due to concerns about the global economy, despite falling prices and interest rates [4][5] Group 2 - New condominium construction in the Greater Toronto Area has sharply decreased, reaching the lowest level since 1996, as developers struggle to sell enough pre-sale units and secure financing for new projects [5][6] - At least 28 projects, totaling nearly 6,000 units, have been shelved, canceled, or entered bankruptcy since 2024 due to the decline in pre-sale activity [6] - Industry experts predict that the market will eventually recover, but there may be a supply shortage in the future due to the current lack of new housing starts, with CMHC indicating that 3.5 million homes need to be built by 2030 to restore housing affordability [7]

Core Insights - The price of residential development land in Australia has surged by 75% over the past five years, making homeownership increasingly unattainable for the average person [1] - Building costs remain significantly higher than pre-COVID-19 levels, exacerbating the housing affordability crisis [4] - The Australian government aims to build 1.2 million new homes in five years, but rising land and construction costs pose significant challenges [4] Land Prices and Market Dynamics - The median price of residential development land has increased from AUD 4.8 million in 2020 to AUD 8.5 million in 2023 [1] - Developers are reluctant to sell land, and banks are not aggressively pushing for asset liquidation, unlike previous economic downturns [4] - The national average land sale price reached AUD 369,500 by the end of 2023, marking an 8% year-on-year increase [10] Construction Costs and Labor Shortages - Building costs are driven up by historically high land prices and a shortage of skilled labor, with construction workers' salaries rising by 5% to 6% compared to pre-pandemic levels [9][12] - The construction industry is facing challenges due to labor being diverted to government infrastructure projects and high-profit residential renovations [9] Urban Development Challenges - Major cities like Sydney and Melbourne are experiencing severe shortages in apartment and townhouse supply, with infill development facing significant obstacles [7] - The density of cities like Melbourne is insufficient, and there is a need for reform in planning regulations to facilitate housing development in desirable areas [8] Policy Recommendations - The current stamp duty is seen as a major barrier to homeownership, with suggestions to gradually replace it with an annual land tax [12] - Potential solutions include introducing overseas skilled migrants to alleviate labor shortages, promoting modular construction to enhance efficiency, and shifting consumer preferences towards more affordable housing options [12]

Core Insights - The decline in apartment construction has exacerbated housing challenges for young Australians, who are already struggling to enter the housing market [1][3] - The "Australian Dream" of owning a home has become increasingly unattainable for those born after 1990 without financial support [3] - Residential approvals fell by 5.7% in April to 14,633 units, primarily due to a 19% drop in approvals for non-detached housing [3][6] Housing Market Dynamics - The approval rate for private sector detached homes increased by 3.1%, but this was insufficient to offset the decline in apartment approvals [3][6] - The median house price has risen over 30% since the pandemic, while rental vacancy rates remain near historical lows [6] - The construction of affordable housing suitable for first-time buyers has not kept pace with market demand, leading to a challenging situation for young Australians [6] Government and Policy Response - There are calls for federal and state governments to intervene decisively to accelerate housing construction and reduce regulatory burdens on medium-density developments [8] - The Institute of Public Affairs highlighted that new housing approvals have consistently fallen short of the targets set by the National Housing Agreement, lagging by 27% [8] - The time from approval to completion of a house has increased by 50% over the past decade, indicating inefficiencies in the housing market [11] Future Outlook - The expected net immigration of 1.3 million over the next three years will further widen the supply-demand gap in the housing market [8][9] - Critics argue that the federal government has misjudged the housing market's capacity and underestimated immigration growth, contributing to rising prices and rents [11]

Core Insights - The Vancouver real estate market is expected to face significant challenges over the next two years due to the disappearance of foreign capital and historically low interest rates, along with severe inventory backlogs and stalled projects [1][2][3] - The Liberal Party has announced a housing plan aiming to add 500,000 new housing units annually, with a funding commitment of CAD 25 billion and CAD 1 billion for prefabricated housing [2][3] - Experts emphasize the need for tailored housing solutions that address the unique challenges of the Greater Vancouver area, rather than broad, generalized policies [3][5] Group 1: Market Conditions - The current market downturn in Greater Vancouver is characterized by a significant increase in completed unit inventory, with many developers halting sales and marketing efforts [5][6] - The pre-sale market is projected to see a 47% decline in the first quarter of 2024, marking one of the worst quarters in market history [5][6] - Despite the inventory of approximately 4,700 new apartment units for sale, prices have not drastically dropped, as developers are willing to sell at reasonable prices [6] Group 2: Expert Opinions - Industry experts argue that the housing crisis in Vancouver has been exacerbated by decades of low interest rates and easy credit combined with foreign capital influx [3][5] - There is skepticism regarding the federal government's ability to provide affordable housing solutions, with only 35% of respondents in a recent poll expressing trust in the Liberal Party's plans [3] - The need for leadership that considers long-term economic rebuilding and attracting talent to Canada is emphasized by industry leaders [2][3]