Remove Iowa Remove Long Beach Remove Products Remove Washington
article thumbnail

Housing affordability falls to lowest level since Great Recession

Floor Covering News

Washington, D.C.—Rising Taming housing costs will ultimately require building more homes, and it will be easier to increase production in more affordable smaller and mid-sized markets that are growing in population and attracting new businesses.”. Davenport-Moline-Rock Island, Iowa-Ill. median income of $90,000. Cumberland, Md.-W.Va.

article thumbnail

Housing affordability plunges in Q2

Floor Covering News

Washington, D.C.—Soaring 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. median income of $79,900. With the U.S. There, just 8.4%

article thumbnail

NAHB: Housing affordability holds steady

Floor Covering News

Washington D.C.—Housing 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., For the fourth straight quarter, Los Angeles-Long Beach-Glendale, Calif.,