- After reaching a new low for affordability in March 2022, the median new home in the U.S. became even less affordable for the typical American household in April 2022.
- April 2022's median household income was just 17.4% of the value of the median new home sold during the month. By this raw measure, new homes have never been less affordable for the period where we have data available.
- Our basic mortgage payment is based solely on the principal and interest paid for an average 30-year conventional mortgage for the median new home sold.
For further details see:
Mortgage Payments For Median New Homes Rocket Upward