3 practical steps we need to take to remove obstacles to affordable housing

Get the Full StoryThe CEO of Thumbtack says by taking three practical steps we can ease the pressure on home prices and help more Americans afford a secure foundation for their families.

Americans are struggling to afford a place to live. Homes cost more than five times the average salary compared with just three times the average salary in the 1960s. Over the same period, inflation-adjusted rental prices have risen by 64 , far outpacing inflation. Meanwhile, new housing starts continue to fall, including a more than 20 drop in multi-family construction in November 2024 alone. The simple fact is that we re not building enough affordable housing homes at prices families can really afford.

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