Housing Affordability Falls To Lowest Level In Decade

The share of affordable homes dropped to 56.6% in the second quarter.

By Ted Knutson | August 10, 2021 at 06:38 AM

Housing affordability has fallen to its lowest level in a decade, says the National Association of Home Builders.

NAHB asserts that rising building material costs, high demand and low inventory have added tens of thousands of dollars to the price of a new home.

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