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 Has pay kept up with inflation? READ MORE Gold Prices Can Keep Rallying, This Investing Pro Says. Here Are Her Picks. READ MORE Why Buying a Car Is More Expensive Than Ever in the US READ MORE Jamie Dimon Warns of Imminent Economic Cliff Due to U.S. Debt READ MORE Add a Comment Cancel replyYour email address will not be published.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