Housing affordability dropped to a 10-year low between October and the end of December, as only 54.2% of new and existing homes sold were affordable to families earning the U.S. median income of $79,900, the National Association of Home Builders reported. The percentage is down from 59.6% of homes sold in the third quarter of 2021 and was the lowest affordability level recorded since the first quarter of 2012.
Housing affordability dropped to a 10-year low between October and the end of December, as only 54.2% of new and existing homes sold were affordable to families earning the U.S. median income of $79,900, the National Association of Home Builders reported. The percentage is down from 59.6% of homes sold in the third quarter of 2021 and was the lowest affordability level recorded since the first quarter of 2012.
NeoCon, an annual event for the commercial design industry, opened registration for its 2022 event scheduled for June 13–15 at theMART in Chicago.
