The Great American Housing Squeeze: Construction Costs Out of Reach for Most The housing affordability crisis in America has reached a dire point where nearly two-thirds of American families are unable to afford the construction costs of an average home. To determine what Americans can actually afford, Creditnews Research delved into the costs in the various stages of residential property construction and how they compare to Americans’ purchasing power. The research highlights that less than half of American households can bear the expenses of constructing a standard single-family house. Furthermore, a staggering one in four households is financially incapable of securing a mortgage that extends beyond covering the basic structure of a home. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. Office Market Faces Major Glut, Warns Brookfield Executive READ MORE SOFR Options Hint at Cautious Fed Rate Increases in 2024 READ MORE Final Week of Q2 to Feature Fed's Preferred Inflation Measure READ MORE Citi Analysts See Gold's Highs Continuing READ MORE Bank of America "Buy Gold Like Central Banks" READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment