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 Economists Question the Recession-Predicting Power of theInverted Yield Curve READ MORE Why You Should Pay Off Your Credit Card ASAP READ MORE Fed Chair Powell Stresses Patience on Rate Cuts Amid Inflation Battle READ MORE S&P 500 heads for worst month since 2022 as bond yields jump on inflation fears READ MORE Add a Comment Cancel replyYour email address will not be published.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