The housing affordability crisis is a pressing issue affecting millions of Americans today, making homeownership a distant dream for many.Over the past few decades, escalating construction costs and stringent land-use regulations have contributed to a significant rise in housing prices, pushing countless families out of the market.
Housing Affordability: The Impact of NIMBYism on Prices
Housing affordability has become a pressing issue in the United States, as the dream of homeownership slips further from the grasp of many Americans.The skyrocketing costs of new single-family homes, which have more than doubled since 1960, are exacerbated by rising construction costs and restrictive land-use regulations.