Page 19 - Builder Brief April 2021 Issue

NAHB PRICED-OUT ESTIMATES FOR 2021
Showing how higher prices and interest rates affect housing affordability
United States
60% 153,967 1.29M
OF U.S. HOUSEHOLDS
cannot afford the median price of a new home
MORE U.S. HOUSEHOLDS
disqualify for a mortage for every $1,000 price increase
MORE U.S. HOUSEHOLDS DISQUALIFIED
for every 0.25% interest rate increase
San Antonio-New Braunfels Metro Area
66%
OF LOCAL HOUSEHOLDS
cannot afford the median price of a new home
1,264
MORE LOCAL HOUSEHOLDS
disqualify for a mortgage for every $1,000 price increase
8,684
MORE LOCAL HOUSEHOLDS DISQUALIFIED
for every 0.25% interest rate increase
$315,494
MEDIAN PRICE OF NEW HOME
in San Antonio-New Braunfels Metro Area
$168,507
APPROXIMATE PRICE OF A HOME*
that households with local median income can afford*
$80,985
INCOME NEEDED TO QUALIFY
for Median Price of a New Home
$57,379
MEDIAN HOUSEHOLD INCOME**
Source: NAHB Priced-Out Estimates for 2021 *Source: Nerdwallet (assumes $10,000 down payment, monthly taxes & insurance of $510) ** Source: http://datausa.io/profile/geo/san-antonio-new-braunfels-tx
APRIL 2021 | GREATER SAN ANTONIO BUILDERS ASSOCIATION 19