PRFZ - Raw Affordability Of New Homes Holds Steady At Record Low

• The raw affordability of new homes held steady at record low levels in February 2022. While median household income increased, that increase kept pace with the ongoing escalation of new home prices.
• The average mortgage payment for a median new home sold in February 2022 represents 29.8% of the income for the median American household.
• The median sale price of new homes has increased by $56,975, far outstripping the $4,611 increase in median household income.

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