STR News.

This New England Biz Law Update discusses the intersection of housing accessibility, accessory dwelling units (ADUs), and short-term rentals. It likely highlights potential regulatory changes and their impacts on STR hosts. Understanding the legal landscape surrounding these topics is crucial for compliance and successful operation of short-term rental businesses.

Illinois is grappling with housing reform, with Gov. Pritzker's BUILD plan aiming to legalize missing middle housing and ADUs statewide to lower costs. The plan faces opposition from municipal leaders concerned about home rule authority. The state faces a housing shortage of approximately 270,000 units, significantly impacting affordability.

PulteGroup, a major homebuilder, is shifting towards a build-to-order (BTO) model and active adult sales to boost profit margins. Average sales prices are down, and incentives are up, impacting margins. Florida and the Midwest are performing well, especially for move-up and active adult buyers during a solid spring selling season.