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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. Fairbanks, Alaska. For the fifth straight quarter, Los Angeles-Long Beach-Glendale, Calif.

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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. With the U.S. Sierra Vista-Douglas, Ariz.;