Economic Pulse Inflation & Markets

Housing Affordability Stress Reaches FHA Borrowers

Housing Affordability Stress Reaches FHA Borrowers

Housing remains in a controlled but deepening slowdown, with builder confidence at 32, weak permits and multifamily starts, depressed transactions and mortgage rates around 7.1%. Rising FHA delinquencies and builder FHA exposure ranging from about 3% at Toll Brothers to 53% at LGI Homes signal disproportionate vulnerability among lower-buffer households.

Sources (2)
Updated Sep 23, 2026