Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Housing Affordability Increases
Feb 23, 2009
 Printable format
 Email this Article
 Search

Housing affordability throughout the United States increased at year-end 2008 to its highest level in at least five years, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).

The HOI indicated that 62.4% of all new and existing homes that were sold in the final quarter of 2008 were affordable to families earning the national median income of US$61,500, up from the 56.1% of homes that were affordable to families in the previous quarter and the 46.6% of homes that were affordable to them at the end of 2007.

The most affordable major housing market in the country during the fourth quarter was once again Indianapolis, IN, U.S., which has now topped the affordability list 14 consecutive times. There, more than 93% of all homes sold in 4Q 2008 were affordable to households earning the area's median family income of $65,100.

Also near the top of the list were Warren-Troy-Farmington Hills, MI; Youngstown-Warren-Boardman, OH-PA; Detroit-Livonia-Dearborn, MI; and Grand Rapids-Wyoming, MI.

The nation's least affordable major housing market was again New York-White Plains-Wayne, NY-NJ; followed by San Francisco, CA; Nassau-Suffolk, NY; Los Angeles-Long Beach-Glendale, CA; and Miami, FL.

Back to Daily News

 

Daily News

...........................................................

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows