Tag: HOI

Rising Incomes Boost Housing Affordability in 1st Quarter

Filed in Economics by on May 10, 2018 1 Comment
Rising Incomes Boost Housing Affordability in 1st Quarter

Strong wage growth more than offset an increase in mortgage interest rates to boost nationwide housing affordability in the first quarter of 2018, according to the NAHB/Wells Fargo Housing Opportunity Index released today. Youngstown-Warren-Boardman, Ohio-Pa., was the nation’s most affordable major housing market. There, 90.9% of all new and existing homes sold were affordable to families earning the area’s median income of $60,100.

Continue Reading »

Housing Affordability Remains Flat in 2017

Filed in Economics by on February 8, 2018 0 Comments
Housing Affordability Remains Flat in 2017

Less than 60% of homes sold between the beginning of October and end of December 2017 were affordable to families earning the U.S. median income of $68,000.

Continue Reading »

Los Angeles is Least Affordable Housing Market

Filed in Home Building, Homeownership by on November 9, 2017 0 Comments
Los Angeles is Least Affordable Housing Market

San Francisco, which has been the nation’s least affordable housing market for nearly five years, was supplanted by Los Angeles in the third quarter of 2017, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

Continue Reading »

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.

Continue Reading »

Housing Affordability Sees Slight 1st-Quarter Uptick

Filed in Economics by on May 11, 2017 0 Comments

Rising wages and moderating home prices offset a rise in mortgage interest rates to give housing affordability a slight boost in the first quarter of 2017, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

Continue Reading »

Housing Affordability Edges Lower in 3rd Quarter

Filed in Economics, Home Building by on November 10, 2016 0 Comments
Housing Affordability Edges Lower in 3rd Quarter

Ongoing home price appreciation offset a small decline in mortgage interest rates to move housing affordability slightly lower in the third quarter of 2016, according to the NAHB/Wells Fargo Housing Opportunity Index, released today.

Continue Reading »

Rising Prices Affect Housing Affordability in 2nd Quarter

Filed in Economics, Homeownership by on August 11, 2016 1 Comment
Rising Prices Affect Housing Affordability in 2nd Quarter

Solid home price appreciation more than offset a modest reduction in mortgage interest rates to push housing affordability lower in the second quarter of 2016, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

Continue Reading »

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.

Continue Reading »

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.

Continue Reading »

Affordability Edges Lower in Third Quarter

Filed in Economics by on November 12, 2015 1 Comment

Modest home price and interest rate increases led to a slight drop in nationwide housing affordability in the third quarter. Read the press release and visit nahb.org/hoi for details, or see a snapshot of the numbers in this infographic.

Continue Reading »

Advertisement