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Housing Affordability Index (Composite) (DISCONTINUED) (COMPHAI)


Apr 2019: 152.3  
Updated: Jun 14, 2019


Not Seasonally Adjusted


1Y | 5Y | 10Y | Max


Source: National Association of Realtors  

Release: Monthly Housing Affordability Index  

Units:  Index, Not Seasonally Adjusted

Frequency:  Monthly


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.

Suggested Citation:

National Association of Realtors, Housing Affordability Index (Composite) (DISCONTINUED) [COMPHAI], retrieved from FRED, Federal Reserve Bank of St. Louis;, May 17, 2022.


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