More multi-family units would reduce the middle income housing shortage / iStock

Zone for more middle income housing to end housing shortage

Accessibility Feb 1, 2022

Issue 3 • Week of January 30, 2022

The United States -- the largest economy ever and one of the largest countries in history, with one of the lowest modern population densities -- does not have enough housing to fulfill the demand of its middle class. This paradox did not happen overnight, but its effects are far-reaching.

Only 42% of millennials have been homeowners by the time they reach age 30, compared to 48% of Generation X and 51% of baby boomers at the same age. The pandemic and mounting financial struggles have already convinced 1 in 5 millennials that they will never own a residence.

Why?

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