New Priced-Out Calculator Brings Local Housing Affordability Into Focus

What does a change in mortgage rates or home prices mean for prospective home buyers in your market? NAHB’s new Priced-Out Housing Calculator helps answer that question.

Exclusively available to NAHB members (must be logged in to nahb.org), the interactive dashboard illustrates the latest affordability data from NAHB’s priced-out study, which examines how changes in median home prices and mortgage rates affect the number of households able to afford a home.

The new tool takes that research a step further, allowing users to customize interest rates and home prices to create a localized analysis of housing affordability.

“The Priced-Out Calculator gives NAHB members and HBAs a practical, data-driven tool for communicating housing affordability challenges in their communities,” said NAHB Chief Economist Robert Dietz.

For builders and HBAs, understanding housing affordability is essential to communicating the challenges that prospective home buyers face. When using the calculator and adjusting key cost variables, users can explore how changes in the housing market influence monthly mortgage payments and affordability in their state or metropolitan area.

The calculator makes it easier to connect broader economic trends with local market conditions. Whether discussing the impact of higher borrowing costs, rising home prices or the cumulative effect of both, users can gain insights to support conversations with policymakers, community leaders, the media and prospective home buyers.

Explore the Priced-Out Housing Calculator (login required) and see how changes in home prices and mortgage rates affect affordability in your market.

Learn more about additional services, research and resources offered by the NAHB Economics group.