The hidden homebuying crisis keeping Americans out of the market — and it’s not what you think
AI Summary
A surprising factor behind the housing affordability crisis in the U.S. is a critical labor shortage in the construction industry, according to builders. This shortage is preventing new homes from being built at the pace needed to meet demand, driving up prices and making it harder for Americans to buy homes. This hidden crisis underscores the complexity of the market, where traditional factors like interest rates don't fully explain the affordability issues, revealing deeper structural problems that need attention.
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