• Skip to main content

    Analysis

    June 9, 2023

    NAHB: Housing Affordability Increasing, Builders Still Challenged

    Written by Laura Miller

    Housing affordability is on the rise in the US, but builders are facing challenges in providing affordable housing, the National Association of Home Builders (NAHB) reports.

    In the first quarter of the year, 45.6% of new and existing home sales were affordable to American families earning the country’s median income of $96,300, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI). This was an increase from the lowest level seen since NAHB began tracking affordability – the 38.1% posted in Q4 last year.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

    Read more from Laura Miller

    Latest in Analysis