Posts Tagged ‘ housing affordability ’

NAHB Reports Lack of Supply, Higher Prices Led to 18-Month Low of Housing Affordability

Aug 7th, 2020

The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released this week shows that low interest rates were not enough to counter the double whammy of a supply shortage and rising home prices, which together contributed to a decline in housing affordability in the second quarter of 2020. In all, 59.6% of […]

Builders Call on Congress to Address Affordability

Jun 4th, 2019

June is National Homeownership Month, and officials for the National Association of Home Builders (NAHB) say its members are urging Congress to address one of American’s biggest deterrents from celebrating: affordability. “Removing regulatory barriers that contribute to the increased costs of housing will pave the way to homeownership,” says NAHB chairman Greg Ugalde, a builder […]

Struggle Continues for Builders Despite Rising Affordability

May 17th, 2019

According to the Housing Opportunity Index (HOI) released by the National Association of Home Builders (NAHB) and Wells Fargo last week, housing affordability increased during the first quarter of 2019 due to decreasing mortgage rates, lower home prices and rising wages. With those improvements, however, comes additional challenges, said NAHB chairman Greg Ugalde. “While the […]

Data Shows Most Americans Struggle With Housing Affordability

Dec 7th, 2018

Newly released data from a survey conducted on behalf of the National Association of Home Builders (NAHB) shows that nearly three out of four American households believe the nation is suffering a housing affordability crisis. The association found that the majority of Americans reported this problem at their local and state level, as well as […]

Builder Confidence Improves in May While Affordability Remains Strong

May 16th, 2013

Builder confidence in the market for newly built, single-family homes improved three points to a 44 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for May. This gain, from a downwardly revised 41 in April, reflected improvement in all three index components—current sales conditions, sales expectations and traffic of prospective […]

Housing Affordability Increases Nationwide

Feb 21st, 2013

Exceptionally low interest rates helped ensure a slight gain in nationwide housing affordability amid relatively stable house prices in the final quarter of 2012, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today. In all, 74.9 percent of homes sold between the beginning of October and end of December […]

Housing Affordability Improves in Third Quarter

Nov 16th, 2012

Lower interest rates helped make homes more affordable to median-income families even as house prices continued to inch up in metro areas across the country in the third quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released yesterday. Nationwide, 74.1 percent of all homes sold in this year’s third […]

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