Housing and Construction Table 8 National Affordability Index (First Quarter 2021)
Years
Median Price Existing Single Family Home
Mortgage Rate
Monthly P & I Payment
Payment as % of Income
Median Family Income
Qualifying Income
Composite
2020
300,200 317,100
3.17 2.73
1035 1,033
14.6 14.4
84,843 85,817
49,680 49,584
170.8 173.1
Feb. 2021
Description: • Composite Index measures affordability. An index of 150 means that a family earning the median family income has 150% of income necessary to quality for a conventional loan covering 80% of a median price family home. Analysis: • No analysis since Dave Schalow’s report will cover this. Table 9 Median Home Prices and Home Sales (First Quarter 2021) Wisconsin Marathon Portage Wood 2021 Q1 % ∆ Yr. Ago 2021 Q1 % ∆ Yr. Ago 2021 Q1 % ∆ Yr. Ago 2021 Q1 % ∆ Yr. Ago Median Home Prices $218,250 11.4% $169,700 9.5% $200,763 15.4% $132,500 10.5% Home Sales 15,128 6.3% 341 24.5% 134 1.5% 168 24.4% • No Description or Analysis here. Dave Schalow’s report will cover this. Table 10 Residential Construction: Village of Plover, Town of Plover, Hull, Sharon and Stockton* Permits Issued
Estimated Value of New Homes (000)
Number of Housing Units
Alteration Permits Issued
Estimated Value of Alterations (000)
2021 Q1
2020 Q1
2021 Q1
% ∆ Yr. Ago
2021 Q1
2020 Q1
2021 Q1
2020 Q1
2021 Q1
% ∆ Yr. Ago
18
13 $4,688.80 -163.1% 19
99
92
64 $1,526.50 -21.9%
• Note that Stevens Point data was not available at the time of this report.
Table 11 Nonresidential Construction: Village of Plover, Town of Plover, Hull, Sharon, and Stockton* Permits Issued Estimated Value of New Structures (000) Alteration of Business Permits Issued Estimated Value of Alterations (000)
2021 Q1
2020 Q1
2021 Q1
% ∆ Yr. Ago -100%
2021 Q1
2020 Q1
2021 Q1
% ∆ Yr. Ago 80.2%
0
3
0
6
11
$724.10
• Note that Stevens Point data was not available at the time of this report.
12
Center for Business and Economic Insight
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