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Housing affordability plunges in Q2

Floor Covering News

Recent NAHB analysis shows that higher costs for lumber products have added nearly $30,000 to the price of an average new single-family home and raised the rental price of a new apartment unit by more than $90,” said Robert Dietz, NAHB chief economist. and Fairbanks, Alaska. With the U.S. Sierra Vista-Douglas, Ariz.;

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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. Meanwhile, Davenport-Moline-Rock Island, Iowa-Ill., Top five affordable small housing markets, according to NAHB, include: Davenport-Moline-Rock Island, Iowa-Ill.