The best conditions to afford housing and home construction costs

Some countries are advancing from others when it comes to the ability to afford housing and home construction costs, according to a new report issued by RealTor.com.

the Granting the real estate market online messages in the fifty United States and Washington, DC, there Classification of the states: Costs to bear cost and house building.. Only three earn.

Reallyor.com looked at “the ability to afford the costs of housing and the ability to face future supply challenges through the new construction” in determining how the states generally perform.

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“Our state report card classifications reveal stark variations in the ability to withstand housing costs and house construction throughout the United States,” the chief economist Daniel Hill said in a statement. “While some countries lead the road with strong home building activity, others are struggling with high housing prices and slow construction.”

The report comes at a time when the American home buyers discussed the problems of the ability to afford the costs for some time. The United States also stare Display From 3.8 million homes, according to the RealTor.com website.

The following five states got the highest grades in the Reeltor.com report:

South Carolina: a

At the highest level South CarolinaThe average prices of prices were $ 354,429, as families got an average income of $ 64,989. The report said that “efforts to build pre -emptive homes” helped her achieve a “single degree” in order to “the ability to bear costs and build homes.

Iowa: a-

Iowa boasted with the highest degree of real estate broker at 0.92 out of 2. It witnessed an average price of $ 294,600, while the new construction premium reached 58.4 %, according to RealTor.com.

Texas: a-

Call the report Lone Star State’s A- (only two in the arrangement) to the “impressive new construction”. I found that the home of a permit to the population is 1.67 and was responsible for 15.3 % of new construction permits in 2024.

Indiana: B+

Indiana achieved a total degree of 69.9 out of 100 for the ability to withstand costs and house building, which led to the classification of IT 3 with B+.

North Carolina state: B+

The average demand price in North Carolina was $ 408,663, according to the report. “He had” the ability to withstand strong costs and home construction activity, “said Realter.com.

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The report indicated that the largest share of countries fall within the C domain for the ability to withstand costs and build homes, with six AC+landing, 14 obtaining C and C-C-. Washington, DC, also received C-.

Southern and Middle Western states constitute B.

Montana held the only row “D”.

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Seven states – Oregon, Connecticut, California, Hawaii, New York, Massachusetts and Roud Island – got “F” for costs and home construction in the ReelTor.com report.

According to April 3 report From RealTor.com, listed throughout the country at an average price of $ 424,900 in March. It was flat on an annual basis, but it is still 38.9 % higher than March 2019.

A separate survey was released in late January by Nerdwallet that about 15 % of Americans intend to buy a home this year.