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Rising mortgage rates push affordability to historic lows

Floor Covering News

For the 12th straight quarter, Los Angeles-Long Beach-Glendale, Calif., remained the nation’s least affordable major housing market. There, just 2.7% of the homes sold during the third quarter were affordable to families earning the area’s median income of $98,200. where 4.2%

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Housing affordability declines in Q2

Floor Covering News

The least affordable markets in Q2 For the 11th straight quarter, Los Angeles-Long Beach-Glendale, Calif., remained the nation’s least affordable major housing market. There, just 3.2% of the homes sold during the second quarter were affordable to families earning the area’s median income of $97,500. where 6.5%

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NFA members extol benefits of event’s format

Floor Covering News

Flooringlines, a California-based direct hardwood flooring distributor, was busy with retailers throughout the show. due to heavy congestion at Los Angeles/Long Beach ports, which is contributing to the supply chain slowdown. Flooringlines said it recently began shipping to Oakland, Calif.,

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Housing affordability falls to lowest level since Great Recession

Floor Covering News

For the seventh 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 least affordable small housing markets—all located in California: Salinas. where 5.3%

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Housing affordability drops to 10 year low

Floor Covering News

California-Lexington Park, Md. 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.

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Port congestion issues likely to persist in 2022

Floor Covering News

In fact, the major backlog of container ships at the ports of Los Angeles and Long Beach is the worst it has ever been, according to Marine Exchange of Southern California, which estimates 100 ships are waiting to dock and unload. That, in turn, delays imports.

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Housing affordability plunges in Q2

Floor Covering News

California-Lexington Park, Md.; For the third straight quarter, Los Angeles-Long Beach-Glendale, Calif., In fact, the top five least affordable major markets were all located in California. Smaller markets joining Cumberland at the top of the list included Davenport-Moline-Rock Island, Iowa-Ill.;