Sentences with phrase «affordability index dropped»

Not exact matches

Modest home price and interest rate increases resulted in a slight drop in nationwide housing affordability in the third quarter of 2015, according to the National Association of Home Builders / Wells Fargo Housing Opportunity Index (HOI).

«Though we have seen a modest drop in affordability in the second quarter, the [index] is still fairly high by historical standards,» says Robert Dietz, NAHB's chief economist.

The percentage of home buyers who could afford to purchase a median - priced, existing single - family home in California dropped to 32 percent in the third quarter of 2013, down from 36 percent in first - quarter 2013 and from 49 percent in third - quarter 2012, according to C.A.R.'s Traditional Housing Affordability Index (HAI).