Older Americans Increasingly Burdened by Housing Costs As the housing industry continues to deal with an affordability crisis, a new report shows that nearly one-third of households age 65 or older – 9.7 million – pay at least 30% of their income for housing, and more than half of these pay over 50%. The report, Housing America’s Older Adults 2018, released recently by the Harvard Joint Center for Housing Studies, found that more than half of U.S. households are now headed by someone age 50 or older. It cautions that older generations will increasingly need more accessible and supportive housing than is currently available. This is consistent with NAHB analysis of data from the Census Bureau’s 2017 American Community Survey that found nearly one-third of America’s 119 million households are cost burdened and pay more than 30% of their incomes for housing. That number includes almost half of the nation’s renter households and a quarter of the owner households. Read More Avoiding PoorPerforming Homes and Profit-Killing Call Backs The success of a builder is not simply determined by how many homes are built or even how much money is initially made: It’s the amount of profit that the builder retains over the long term. Building expenses don’t always finish accruing once you turn over the keys to the buyer. The secret to maximizing your bottom line depends on how well you control your call-back costs. Read More Personal Banking Mortgages Commercial Banking Personal and business solutions for your life. As a community bank, United Bank is dedicated to helping you reach your goals. So whether you’re looking to save money, manage your business finances, buy a new home, or save for retirement, you can count on us to provide the solutions and service you need. To learn more about our full line of personal, mortgage, and commercial banking services, talk to us today. SM Call 866.959.BANK (2265) Click bankatunited.com Come on in To any branch NMLS ID 430007 | Member FDIC | Equal Housing Lender JANUARY 2019 | HBRA of Fairfield County 25

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