Eye On Housing
In January, NAHB released its new Priced-Out Estimates for 2020. A previous post discussed the often-cited estimate that a $1,000 increase in the price of a median-priced new home will price 158,857 U.S. households out of the market for the home. A second post discussed the related estimate that a quarter point increase in the mortgage rate will price out… Read More ›
Last Friday’s Eye on Housing blog post announced the release of NAHB’s “priced out” estimates for 2020, showing that—if the median new home price goes up by $1,000—it prices 158,857 U.S. households out of the market, in the sense that they would qualify for a standard mortgage to purchase the home before the price increase, but not afterward. The same… Read More ›
NAHB Economics recently released its 2016 “Priced Out” Estimates showing that, nationally, a $1,000 increase in the median new home price (triggered, for example, by additional regulation) will leave 152,903 households priced out of the market. This means that 152,903 U.S. households could qualify for a mortgage on the median-priced new home before, but not after, the price increases. The… Read More ›
NAHB Economics estimates that 14 million American households are priced out of the market for a new home by government regulations that, on average, increase the new home price by 24.3%. Households become “priced out” when they no longer qualify for a new home mortgage because of higher prices. A recent NAHB study estimated that, on average, regulations imposed by… Read More ›
NAHB Economics recently released its 2014 Priced Out Estimates showing that, nationally, a $1,000 increase in the median new home price (triggered, for example, by additional regulation) prices 206,269 households out of the market for the home. This means that 206,269 U.S. households could qualify for a mortgage on the median-priced new home before, but not after, the price increase…. Read More ›