NAHB Publishes Most Affordable Housing Markets in the US for Q2 2022

Abstract

The National Association of Home Builders (NAHB) recently published its list of the most affordable housing markets in the US for the second quarter of 2022. The average family spent 24.3% of their income on mortgage payments in Q2 2022, up from 18.7% from the previous quarter and 16.9% a year prior. The NAHB chairman Jerry Konter said. ‘Taming housing costs will ultimately require building more homes. It will be easier to increase production in more affordable smaller and mid-sized markets that are growing in population and attracting new businesses,” he said. A mortgage rate is already considered unaffordable. TheNAHB Chairman Jerry Konters said. ' Taminghousing costs will eventually requireBuilding more homes,’ the NAHB Chairman said. The Average Family spent $200,382 Average Price per Square Foot: $93 Days on Market: $100,000 per square foot, $99,000 on the average home in a year. The average price of a year in a month in a single house in an average of 10.5 years.