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Housing Fundamentals
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Low Mortgage Rates Support Housing Affordability
Housing Affordability Index & 30-Year Fixed Rate Mortgage
1
1 | Source: Freddie Mac & National Association of Realtors.
Cumulative Underbuilding of U.S. Homes in Last Decade
Cumulative Underbuilding of U.S. Homes in Last Decade
1
1 | Source: FEA.
Strong Millennial Demographic Tailwind
U.S. Population Distribution by Age 2008 vs 2023
1
1 | Source: FEA Data Center.
U.S. Housing Stock Has Aged Considerably
Median Age of Owner-Occupied Housing
1
1 | Source: NAHB.
Residential Improvement Spending Supports Lumber Demand
Residential Improvement Spend
1
1 | Source: FEA.
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