Wednesday, February 22, 2012

NAHB: Families "Priced Out" Report Updated

Did you know that in Greenville, South Carolina, 431 families are priced out of home ownership for each $1,000 increase in the price of a home?  Nationally, 232,447 families are priced out when home prices rise $1,000.

This may seem academic, but according to NAHB's model, 1.1 million households in the U.S. will be priced out of home ownership by the recent increase in mortgage fees imposed by Congress to pay for the payroll tax holiday.

Read more on the Priced Out analysis at by clicking here.

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