New priced-out study highlights housing affordability crisis

By NAHB

A new study by NAHB puts a spotlight on the nation’s housing affordability crisis and illustrates how even a relatively small increase in the price of a home can prevent hundreds of thousands of households from achieving the goal of homeownership.

The study found that a $1,000 increase in the U.S. median new home price of $346,757 would push 153,967 households out of the market. In other words, based on their incomes, these households would be able to qualify for a mortgage to purchase the home before the price increase, but not afterward.

Putting the affordability challenge further in perspective, 75.1 million households, or roughly 60% of all U.S households, are currently unable to afford a new median priced home.

READ ON:

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories