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Home > Releases > Monthly Housing Affordability Index > Housing Affordability Index (Composite)© (COMPHAI)

Housing Affordability Index (Composite)© (COMPHAI)

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Range: 1yr 5yrs 10yrs Max Log Scale: Left
Units:  Levels | Chg. | Chg. from Yr. Ago | % Chg. | % Chg. from Yr. Ago | Comp. Annual Rate of Chg. | Cont. Comp. Rate of Chg. | Cont. Comp. Annual Rate of Chg.
Notes: Growth Rate Calculations | US recession dates
  Real-Time Period
Title Start     End     

Housing Affordability Index (Composite)© 2011-11-04 Current
 
Source    

National Association of Realtors 2011-11-04 Current
 
Release    

Monthly Housing Affordability Index 2011-11-04 Current
 
Units    

Index 2011-11-04 Current
 
Frequency    

Monthly 2011-11-04 Current
 
Seasonal Adjustment    

Not Seasonally Adjusted 2011-11-04 Current
 
Notes    

Copyright, 2014, 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.

2011-11-04 Current
 

Related Categories

Production & Business Activity > Housing
Prices > House Price Indices


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