NAHB: Home Builders Warn of Significant Affordability Declines

NAHB: Home Builders Warn of Significant Affordability Declines
Housing affordability posted a modest gain for average conditions in the first quarter of 2022 as a strong jump in national median income helped to offset a gradual rise in interest rates. However, home builders warn of current deteriorating conditions as a sharp jump in mortgage rates in March and…
Source: Working Forest
NAHB: Home Builders Warn of Significant Affordability Declines