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 NAHB.org by clicking here.
The Home Builders Association of Greenville are your neighbors and community leaders providing education and support for building industry professionals. We create jobs, encourage homeownership, and promote responsible growth throughout the upstate of South Carolina.
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