Posts Tagged ‘ National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) ’

Will Higher Home Prices Slow the Pace for Doors and Windows?

Feb 14th, 2024

In the third quarter of 2023, rising mortgage rates, elevated construction costs and a limited inventory of homes pushed housing affordability to its lowest level in more than a decade. Meanwhile, new fourth-quarter statistics show little improvement. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released last week, just […]

Housing Affordability Holds Steady; Challenges Loom

Feb 9th, 2021

The most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) shows that record-low mortgage rates offset record-high home prices to keep housing affordability steady in the fourth quarter of 2020. Though affordability rates held firm, regulatory and supply-side challenges could still aggravate affordability problems in the year ahead. In all, 58.3% […]

Lack of Inventory, Higher Prices Push Housing Affordability Near Two-Year Low

Nov 6th, 2020

The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) reports that housing affordability continued to decline in the third quarter of 2020, due to inventory shortages and rising home prices. Record-low mortgage rates were not enough to prevent the decline in affordable housing, resulting in 58.3 percent of new and existing homes […]

COVID-19 Pandemic Economic Losses Depresses Housing Affordability

May 8th, 2020

COVID-19 pandemic-related surging job losses in March contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released yesterday. The NAHB reports that in all, 61.3 percent of homes—both new and existing—sold between January […]