Tag: affordability

HUD Report Shows Housing Affordability Crisis is Worsening

Filed in Multifamily by on August 10, 2017 0 Comments
HUD Report Shows Housing Affordability Crisis is Worsening

HUD released a report to Congress on Aug. 9 entitled Worst Case Housing Needs 2017 which found that 8.3 million households had “worst-case housing needs” in 2015, meaning they are very low-income renters who do not receive government housing assistance and paid more than half their income for rent, lived in severely inadequate conditions, or both.

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Housing Affordability Inches Lower in 2nd Quarter

Filed in Economics, Sales & Marketing by on August 10, 2017 0 Comments
Housing Affordability Inches Lower in 2nd Quarter

Rising home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

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Housing Affordability Posts 2nd Straight Gain

Filed in Economics, Home Building by on May 12, 2016 1 Comment
Housing Affordability Posts 2nd Straight Gain

Spurred by a modest reduction in mortgage interest rates and favorable home prices, nationwide housing affordability in the first quarter of 2016 posted a slight increase, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

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Affordability Edges Up in 4th Quarter

Filed in Economics, Homeownership by on February 18, 2016 0 Comments
Affordability Edges Up in 4th Quarter

Modest home price and interest rate decreases resulted in a slight increase in nationwide housing affordability in the fourth quarter of 2015, according to the NAHB/Wells Fargo Housing Opportunity Index, released today.

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Housing Affordability Posts Solid Gain in First Quarter

Filed in Economics, Home Building, Housing Finance by on May 14, 2015 0 Comments
Housing Affordability Posts Solid Gain in First Quarter

Lower interest rates and home prices contributed to a solid boost in nationwide affordability in the first quarter of 2015, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today. “Consumers benefitted from continued low mortgage rates and some fall in the price of homes sold in the first quarter, as these conditions offer […]

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