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Around 56.9% of new, existing US homes sold in Q1 were affordable to families earning US median income of US$90,000, up from 54.2% in Q4; building material supply-disruptions, labor shortages and high inflation leading to deteriorating conditions: NAHB
Published: May 12, 2022 by National Association of Home Builders (NAHB)
US homebuyer affordability fell in March as the national median payment applied for rose 5.0% to US$1,736 from US$1,653 in February; decline due to home-price growth, surge in mortgage rates despite healthy labor market, wage gains: Mortgage Bankers Assn.
Published: April 28, 2022 by Mortgage Bankers Association (MBA)
US homes less affordable than a year ago, especially in Sun Belt metros; homebuyers in Tampa need to earn US$67,353 annually to afford typical monthly mortgage payments, buyers in Phoenix, Las Vegas need to earn US$87,026, US$79,620, respectively: Redfin
Published: April 27, 2022 by Redfin Corp.
Moody's sees home sales under pressure, as homeowners will be less inclined to take on mortgage rates of 5%+ after low mortgages during pandemic; Comerica Bank says prices are rising rapidly in near term, but that will change as more buyers are priced out
Published: April 26, 2022 by Forbes Inc.
Toronto introduces pilot program to use mass timber, other low-carbon materials to build 100-home affordable housing project; mayor says mass timber can help deliver high quality buildings to contribute to city's goal of net zero emissions by 2040
Published: April 26, 2022 by Targeted News Service

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