Housing Affordability Index (Composite) (DISCONTINUED): 152.3 Index as of 04-01-2019

Copyright, 2016, National Association of Realtors. Reprinted with permission. Per the agreement with the source, data in FRED are available for the prior 13 months. Measures the degree to which a typical family can afford the monthly mortgage payments on a typical home. Value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home. An index above 100 signifies that family earning the median income has more than enough income to qualify for a mortgage loan on a median-priced home, assuming a 20 percent down payment. For example, a composite housing affordability index (COMPHAI) of 120.0 means a family earning the median family income has 120% of the income necessary to qualify for a conventional loan covering 80 percent of a median-priced existing single-family home. An increase in the COMPHAI then shows that this family is more able to afford the median priced home. This index is calculated as composite of the fixed and adjustable rate mortgages.

TBD
Category, Region, Data Source: http://www.realtor.org/research/research/housinginx

Chart

Stats

Last Value 152.3 Index
Latest Period 2019-04-01
Last Updated 2019-06-14 12:54:04-05
Frequency M
Average Growth Rate 0.31
Long Term Average 147.11
Value from 1 Year Ago 147.3
Change from 1 Year Ago 3.39
Unit Index
Adjustment Index

Related Indicators