article thumbnail

Rising mortgage rates push affordability to historic lows

Floor Covering News

Washington, D.C.—Rising For the 12th straight quarter, Los Angeles-Long Beach-Glendale, Calif., According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 37.4% median income of $96,300. remained the nation’s least affordable major housing market. There, just 2.7%

article thumbnail

Housing affordability declines in Q2

Floor Covering News

Washington, D.C.—Rising The least affordable markets in Q2 For the 11th straight quarter, Los Angeles-Long Beach-Glendale, Calif., According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), 40.5% median income of $96,300. remained the nation’s least affordable major housing market.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Lions Floor: Slow, steady wins the race

Floor Covering News

By Reginald Tucker T he skyrocketing popularity of SPC/rigid core continues to lure new players to the game—from those that manufacture other flooring products to pure startups. Lions Floor is no exception. Lions Floor, based in Santa Fe Springs, Calif., Lions Floor did not enter the market with guns blazing.

article thumbnail

Housing affordability falls to lowest level since Great Recession

Floor Covering News

Washington, D.C.—Rising 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. median income of $90,000. remained the nation’s least affordable major housing market. There, just 3.6%

article thumbnail

Housing affordability drops to 10 year low

Floor Covering News

Washington D.C.— 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. The post Housing affordability drops to 10 year low appeared first on Floor Covering News. There, just 7.5%

article thumbnail

Housing affordability plunges in Q2

Floor Covering News

Washington, D.C.—Soaring For the third straight quarter, Los Angeles-Long Beach-Glendale, Calif., The post Housing affordability plunges in Q2 appeared first on Floor Covering News. According to the NAHB/Wells Fargo Housing Opportunity Index (HOI), 56.6% median income of $79,900. Sierra Vista-Douglas, Ariz.;

article thumbnail

NAHB: Housing affordability holds steady

Floor Covering News

Washington D.C.—Housing 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. The post NAHB: Housing affordability holds steady appeared first on Floor Covering News.