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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%

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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.

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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%

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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. remained the nation’s least affordable major housing market. There, just 7.5% Anaheim-Santa Ana-Irvine.

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Housing affordability plunges in Q2

Floor Covering News

Washington, D.C.—Soaring 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. median income of $79,900.

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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. remained the nation’s least affordable major housing market. There, just 8.3%

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Housing affordability remains steady

Floor Covering News

Washington, D.C.—Record-low Los Angeles-Long Beach-Glendale, Calif., Record-low mortgage rates offset record-high home prices to keep housing affordability steady in the fourth quarter of 2020, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI). Wheeling, W.Va.-Ohio Ohio (tied for second); Binghamton, N.Y.