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NAFCU Chief Economist Curt Long statement on September housing report

National Association of Federal Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to the Commerce Department’s September housing report, which showed housing starts increased 6.5 percent from August to a seasonally adjusted annual rate of 1.21 million in September.

“The data on housing starts is encouraging, but reconfirms that much of the recent strength in the market is focused in the multifamily segment,” said Long. “This speaks to the inability of many potential borrowers to afford to purchase housing due to high prices, steep down payment requirements and tight inventory.”

NAFCU

We provide credit unions with the best federal advocacy, education and compliance assistance in the industry. The National Association of Federally-Insured Credit Unions (NAFCU) is a direct membership association for federally insured credit unions. We are committed to representing, assisting, educating and informing our member credit unions to help them grow, and help grow the credit union industry. Over the years we have been able to build on our foundation, growing stronger with our members and steadfast in our beliefs and focus: providing unwavering federal advocacy, top-rated education, one-of-a-kind compliance assistance and supreme responsiveness. Why? Because we believe credit unions are the best and they deserve the best.  

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