New home price data underscore affordability problems
from Eye On Housing
New data released by the U.S. Census Bureau and the Department of Housing and Urban Development, combined with recent NAHB survey data, show a mismatch between the actual prices of new homes and the prices buyers expect to pay — providing further evidence for the growing problem of housing affordability. At the end of August, the Census Bureau released 2018 data from the Survey of Construction. This is the survey that generates the familiar series on housing starts and new home sales.
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