Alabama dropped eight spots in a recent housing affordability and homebuilding study.
According to a Realtor.com study released last week, Alabama received a C grade on affordability and homebuilding, ranking 21st in the nation.
Affordability (50% of the score) captures how accessible homeownership is to typical earners in each state. Homebuilding (50% of the score) evaluates whether states are producing enough new housing to meet demand.
Letter grades ranging from A+ (77.5+) to F (below 30) are assigned to each state.
“Alabama (-8 spots, No. 13 → No. 21, C), Maryland (-8, No. 23 → No. 31, C), and New Jersey (-8, No. 35 → No. 43, D) all dropped eight spots, the largest declines in the dataset,” Joel Berner, Realtor.com’s senior economist, said. “Alabama’s fall is particularly notable. It was highlighted as a solid performer last year, but its permit-to-population ratio of 0.87, falling from 0.92 last year, and its modest affordability scores dragged it down the rankings.”
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