US Housing Affordability Gauge Worsens for First Time Since 2023

US Housing Affordability Gauge Worsens for First Time Since 2023

A key measure of US housing affordability worsened for the first time in almost three years, as higher borrowing costs soaked up a bigger chunk of earnings for new homebuyers.

Report: Housing Affordability Takes Downturn in Q2 Due to Market Headwinds

Higher mortgage rates, rising construction costs and economic uncertainty pressured housing affordability to reverse course in Q2, after showing improvement in the prior three quarters, according to the latest data from the National Association of Home Builders (NAHB). The NAHB/Wells Fargo Cost of Housing Index (CHI) for Q2 found that a family earning the nation’s… The post Report: Housing Affordability Takes Downturn in Q2 Due to Market Headwin…

Housing Affordability Worsens on Higher Mortgage Rates – tEDmag

Affordability weakened for both new and existing homes in the 2nd quarter, driven by high mortgage rates, rising construction costs, unnecessary regulatory burdens, and labor shortages.

Housing Affordability Worsens on Higher Mortgage Rates

After three consecutive quarters of modest improvement, housing affordability worsened in the second quarter as higher mortgage rates, rising construction costs and economic uncertainty weighed on the market, according to the latest data from the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI). The CHI results from the second quarter of […]