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Housing affordability drops to 10 year low

Floor Covering News

Ongoing production challenges and the likelihood of higher interest rates in the months ahead as the Federal Reserve moves to tighten interest rates threaten to drive housing affordability even lower in 2022, according to the NAHB. Indianapolis-Carmel-Anderson, Ind. Fairbanks, Alaska. There, 90.6% Pittsburgh, Pa. Akron, Ohio.

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NAHB: Housing affordability holds steady

Floor Covering News

To keep affordability problems from worsening in the future, policymakers need to tackle supply-chain challenges that are hindering new home production,” Dietz said. Indianapolis-Carmel-Anderson, Ind. Fairbanks, Alaska. For the fourth straight quarter, Los Angeles-Long Beach-Glendale, Calif., There, 89.1%