NAHB Housing Market Index drops 3 points to 32 in September, matching December 2022 lows as US housing market slowdown persists with broad builder price cuts.

According to The Kobeissi Letter, the annual income required to afford an average home in the US has reached an all-time high of $124,200, significantly outpacing the median US household income of $79,200. This creates a substantial affordability gap of $45,000, highlighting the growing challenge for potential homeowners.

According to The Kobeissi Letter, the annual income required to afford an average home in the US has reached an all-time high of $124,200, significantly outpacing the median US household income of $79,200. This creates a substantial affordability gap of $45,000, highlighting the growing challenge for potential homeowners.