Housing Affordability Index : 152.30 (As of 2019-04-01) ( Discontinued )
Housing Affordability Index was 152.30 as of 2019-04-01, according to Organisation for Economic Co-operation and Development. Historically, Housing Affordability Index reached a record high of 214.50 and a record low of 137.70, the median value is 162.05. Typical value range is from 150.37 to 177.39. The Year-Over-Year growth is 3.39%. GuruFocus provides the current actual value, an historical data chart and related indicators for Housing Affordability Index - last updated from the United States Federal Reserve on 2019-04-01.
Monthly , not seasonally adjusted . Copyright, 2016, National Association of Realtors. Reprinted with permission. 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.
|Category||Production & Business Activity|
|Source||Organisation for Economic Co-operation and Development|
|Long Term Average||163.88|
|Average Annualized Growth Rate||-5.33%|
|Value from 1 year ago||-|
|Change from 1 year ago||%|