Podcast: 2022 Economic Outlook with NAHB Chief Economist
In the first Housing Developments episode of 2022, sponsored by Wells Fargo, NAHB Chief Economist Rob Dietz sits down with co-hosts CEO Jerry Howard and Chief Lobbyist Jim Tobin to provide his economic outlook for the year ahead. Tune in to hear Dietz’s predictions regarding the supply chain, lumber prices, interest rates, housing affordability and more.
And remember that you still have time to register for the International Builders’ Show, Feb. 8-10, in Orlando, where you can hear from Dietz and more NAHB staff experts live and in person.
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Families Must Spend 38% of Their Income on Mortgage PaymentsIn a clear sign illustrating the housing affordability challenges facing Americans, the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI) found that in the fourth quarter of 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home.