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Tag: CHI

  • Housing Affordability

Families Must Spend 38% of Their Income on House Payments

Rose QuintNovember 21, 2024November 21, 202424 mins

In another sign of America’s ongoing housing affordability crisis, the National Association of Home Builders /Wells Fargo Cost of Housing Index (CHI) found that in the third quarter of 2024, a family earning the nation’s median income of $97,800 needed 38% of their income to cover the mortgage payment on a median-priced new home. Low-income…

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  • Other Housing Data

Median Priced Existing Homes Less Affordable Than New Homes in Second Quarter

Rose QuintAugust 22, 2024August 22, 202404 mins

NAHB’s Cost of Housing Index (CHI) highlights the burden that housing costs represent for middle and low-income families. In the second quarter of 2024, the CHI found that a family earning the nation’s median income of $97,800 must spend 38% of its income to cover the mortgage payment on a median-priced new single-family home. Because…

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  • Housing Affordability

NAHB/Wells Fargo Debut New Cost of Housing Index

Rose QuintMay 23, 2024May 21, 202404 mins

A new quarterly Cost of Housing Index (CHI) highlights the burden that housing costs represent for middle and low-income families. In its inaugural release for the first quarter of 2024, CHI revealed that a typical family in the U.S. must spend 38% of its income to cover the mortgage payment on a median priced new…

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