Tag: housing affordability

Housing Affordability Hits 10-Year Low in 2nd Quarter

Filed in Economics by on August 9, 2018 0 Comments
Housing Affordability Hits 10-Year Low in 2nd Quarter

Only 57.1% of new and existing homes sold between the beginning of April and end of June were affordable to families earning the U.S. median income of $71,900. Housing affordability is at its lowest reading since mid-2008.

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Louisiana Governor Vetoes Affordable Housing Bill

Filed in Codes and Regulations, Land Development by on June 8, 2018 2 Comments
Louisiana Governor Vetoes Affordable Housing Bill

A fight to provide more affordable housing has not had a happy ending for the HBA of Greater New Orleans – or for the Louisiana families it was designed to help.

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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.

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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.

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Say ‘No’ to IAPMO Duct Proposal, NAHB Says

Filed in Codes and Regulations, Design, Technology by on October 26, 2017 3 Comments
Say ‘No’ to IAPMO Duct Proposal, NAHB Says

An upcoming vote could change the Uniform Mechanical Code and add at least $5,000 to the cost of a new home in California and the five other states that would adopt it.

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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.

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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.

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New Foundation Draws National Attention to Housing Concerns

Filed in Homeownership, Leadership, Multifamily by on June 18, 2015 0 Comments
New Foundation Draws National Attention to Housing Concerns

Seeking to find bipartisan solutions to address rising rents and diminished access to homeownership, the J. Ronald Terwilliger Foundation for Housing America’s Families officially launched today at the National Press Club in Washington, D.C.

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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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Housing Affordability Edges Up in 4th Quarter 2014

Filed in Economics, Home Building, Housing Finance by on February 19, 2015 0 Comments

Slightly lower interest rates and home prices contributed to a slight increase in nationwide housing affordability in the fourth quarter of 2014, according to the NAHB/Wells Fargo Housing Opportunity Index released today. In all, 62.8% of new and existing homes sold between the beginning of October and end of December were affordable to families earning the median income of $63,900. This is up from the 61.8% of homes sold in the third quarter.

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