County of San Diego, Board of Supervisors District 1 Special Election Primary

The primary Special Election for Supervisor District 1 in the County of San Diego was held on April 8th. Mayor John McCann (City of Chula Vista) and Mayor Paloma Aguirre (City of Imperial Beach) were the top two vote-getters. They will face each other in a run-off election to be held on July 1st. Mayor McCann received 42.38% of the vote, and Mayor Aguirre received 32.33% of the vote. Voter turnout was 17.8% and a total of 67,000 votes were cast. The BIA has endorsed Mayor McCann, and will be supporting his candidacy for the runoff election in July. We will keep you informed of opportunities to support his campaign, and the BIAPAC, in the coming weeks.

Affordability Pyramid Shows 94 Million Households Cannot Buy a $400,000 Home

Na Zhao, Principal Economist

National Association of Homebuilders

NAHB recently released its 2025 Priced-Out Analysis, highlighting the housing affordability challenge. While previous posts discussed the impacts of rising home prices and interest rates on affordability, this post focuses on the related U.S. housing affordability pyramid. The pyramid reveals that 70% of households (94 million) cannot afford a $400,000 home, while the estimated median price of a new home is around $460,000 in 2025.

The housing affordability pyramid illustrates the number of households able to purchase a home at various price steps. Each step represents the number of households that can only afford homes within that specific price range. The largest share of households falls within the first step, where homes are priced under $200,000. As home prices increase, fewer and fewer households can afford the next price level, with the highest-priced homes—those over $2 million—having the smallest number of potential buyers. Housing affordability remains a critical challenge for households with income at the lower end of the spectrum.