Last Updated: May 5, 2022

The State of Housing in America

Written By: Barbara L. Pearce
Woman holding iPhone and looking at a laptop

The following is from CNN and the National Association of REALTORS® (NAR). Click here to read on CNN.

The State of Housing in America map covers 173 metro areas across America, using data provided by the National Association of REALTORS® (NAR).

REALTORS®, agents who are NAR members, keep their pulse on the housing market thanks to research and resources from NAR—all to better serve their customers.

There were four categories of data that were covered in the State of Housing in AMerica

Housing Shortage: Shows the availability of new homes to new jobs from November 2020 to November 2021. REALTORS® use this to track whether the housing supply will meet demand in the near-term. Low supply typically results in elevated home prices. National Average is 1 single-family permit issued for every 5.3 new jobs.*In a balanced market, a single-family permit would be issued for every 2 new jobs.

Home Price Appreciation: The National Association of REALTORS® tracks the year-over-year change in median home prices, which allows buyers and sellers to easily compare their local market with housing prices in other parts of the country. National Median is $357,900 median single-family home price. +22.9% year-over-year.

Housing Affordability:  The Housing Affordability Index from the National Association of REALTORS® tracks whether a typical family can afford the mortgage payments on a typical home. In general, a higher HAI number indicates that homes will be more affordable in that area. National Average is currently 151.9. Historical average: 138

Housing Demand Forecast: Population gain or loss impacts housing demand. When population growth is high, housing prices often also rise. When growth is slow or negative, home prices may flatline or fall. By tracking population change over time, REALTORS® can estimate future housing demand. National Average 10-yr change: +7.4%. 2010 population: 308,745,538. 2020 population: 331,449,281

Below is a snapshot of the Connecticut Metro areas that NAR has provided, click here for interactive map of the United States

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