Eye On Housing
Author Archives
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What Makes a Home Inadequate?
A new index by the Department of Housing and Urban Development (HUD) finds that as many as 43% of homes have some kind of physical problem. For decades, HUD has used data from its American Housing Survey (AHS) to track the quality of American homes. But the measures constructed by HUD to detect physically inadequate homes had not been studied for a… Read More ›
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Income Disparity Between New and Existing Home Buyers Widens
New research from NAHB finds a growing disparity between the median income of all home buyers and the median income of new home buyers. According to the 2011 American Housing Survey (AHS), home buyers overall had a median income of $64,998. The subset of home buyers that bought new homes had a median income of $81,715, about 26 percent more than… Read More ›
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Cost of Constructing a New Single-Family Home in 2011
NAHB recently published the latest construction cost survey. This survey data shows that while the average price of a single family home has dropped over the last two years, the share of that price which goes to construction cost and finished lot cost has not changed significantly. The average price of a new single-family home in NAHB’s 2011 survey was… Read More ›