NAHB/WELLS FARGO HOUSING OPPORTUNITY INDEX

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Only half of houses for sale are affordable for the average buyer

Feb 15, 2019By

Housing affordability continues to hover near a 10-year low, and the National Association of Home Builders is urging policymakers to do something about it. Of the homes sold in Q4, just 56.6% were affordable for those earning the country’s median income of $71,900. “Historically, housing has been the canary in the coal mine, and these ongoing affordability woes should serve as a wake-up call to policymakers to take immediate action,” said NAHB Chairman Randy Noel.

3d rendering of a row of luxury townhouses along a street

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