article thumbnail

Housing affordability plunges in Q2

Floor Covering News

Washington, D.C.—Soaring and Fairbanks, Alaska. For the third straight quarter, Los Angeles-Long Beach-Glendale, Calif., According to the NAHB/Wells Fargo Housing Opportunity Index (HOI), 56.6% of new and existing homes sold between the beginning of April and end of June were affordable to families earning the U.S.

article thumbnail

Housing affordability drops to 10 year low

Floor Covering News

Washington D.C.— Fairbanks, Alaska. For the fifth straight quarter, Los Angeles-Long Beach-Glendale, Calif. Top five least affordable major housing markets—all located in California: Los Angeles-Long Beach-Glendale. Top five affordable small housing markets: Cumberland, Md.-W. Wheeling, W.Va. – Ohio.

article thumbnail

NAHB: Housing affordability holds steady

Floor Covering News

Washington D.C.—Housing Fairbanks, Alaska. For the fourth straight quarter, Los Angeles-Long Beach-Glendale, Calif., Top five least affordable major housing markets, according to NAHB—all located in California: Los Angeles-Long Beach-Glendale. Monroe, Mich. Sierra Vista-Douglas, Ariz. Wheeling, W.Va.-Ohio.