Title:               Housing Affordability Index (Composite) (DISCONTINUED)
Series ID:           COMPHAI
Source:              National Association of Realtors
Release:             Monthly Housing Affordability Index
Seasonal Adjustment: Not Seasonally Adjusted
Frequency:           Monthly
Units:               Index
Date Range:          2018-04-01 to 2019-04-01
Last Updated:        2019-06-14 12:54 PM CDT
Notes:               Copyright, 2016, National Association of Realtors. Reprinted with
                     permission.
                     Per the agreement with the source, data in FRED are available for the
                     prior 13 months.
                     
                     Measures the degree to which a typical family can afford the monthly
                     mortgage payments on a typical home.
                     
                     Value of 100 means that a family with the median income has exactly
                     enough income to qualify for a mortgage on a median-priced home. An
                     index above 100 signifies that family earning the median income has
                     more than enough income to qualify for a mortgage loan on a
                     median-priced home, assuming a 20 percent down payment. For example, a
                     composite housing affordability index (COMPHAI) of 120.0 means a
                     family earning the median family income has 120% of the income
                     necessary to qualify for a conventional loan covering 80 percent of a
                     median-priced existing single-family home. An increase in the COMPHAI
                     then shows that this family is more able to afford the median priced
                     home.
                     
                     This index is calculated as composite of the fixed and adjustable rate
                     mortgages.

DATE        VALUE
2018-04-01  147.3
2018-05-01  142.4
2018-06-01  137.7
2018-07-01  140.3
2018-08-01  142.3
2018-09-01  147.5
2018-10-01  147.1
2018-11-01  144.3
2018-12-01  147.4
2019-01-01  154.6
2019-02-01  156.6
2019-03-01  152.6
2019-04-01  152.3