The bottom line

■ Housing affordability fell 29 percent between March 2022 and the year earlier, the sharpest decline on record, according to the National Association of Realtors. With mortgage rates soaring and home prices staying elevated, the monthly principal and interest payment on an average-priced home, by a buyer who puts 20 percent down, has gone up by roughly $600—44 percent— since the start of the year.

Axios

■ The average sales price of manufactured homes has risen nearly 50 percent during the pandemic, from $82,900 to $123,200, compared with a 22 percent increase for average new homes. About 20 million Americans live in mobile homes, which make up about 6 percent of U.S. residences.

The Washington Post

■ In addition to $385 million in career earnings in the NBA, LeBron James’ business interests have made him a billionaire; he is the second basketball player (along with Michael Jordan) to reach the milestone.

Forbes

■ The median launch price of a new drug in the U.S. soared from $2,115 in 2008 to $180,007 in 2021, with average prices rising 20 percent per year. Over 47 percent of new drugs introduced in 2020 and 2021 cost more than $150,000 per year, compared with just 9 percent of drugs introduced from 2008 to 2013.

Fortune

■ Some 83 percent of respondents said the state of the economy was “poor” or “not so good” in a poll from The Wall Street Journal and NORC at the University of Chicago. That’s the highest dissatisfaction level since NORC, a nonpartisan research organization, began asking the question in 1972. The Wall Street Journal