I thought I saw somewhere on the NLIHCwebsite that they used a national index, but upon further research it appears they use the HUD FMR data. HUD states on their website for FMRs:
HUD no longer performs surveys of local housing markets, but may accept telephone or mail surveys of local housing markets to obtain current rental housing information conducted on behalf of housing authorities in support of annual Fair Market Rent calculations.
Sounds like the FMRs are more of a estimation than accurate data.
I thought I saw somewhere on the NLIHCwebsite that they used a national index, but upon further research it appears they use the HUD FMR data. HUD states on their website for FMRs:
`HUD no longer performs surveys of local housing markets, but may accept telephone or mail surveys of local housing markets to obtain current rental housing information conducted on behalf of housing authorities in support of annual Fair Market Rent calculations.`
Sounds like the FMRs are more of a estimation than accurate data.
Can you point out where (in the article or the report) it states that they're comparing national average housing prices to state average wages?