What Do Americans Spend on Housing? (opens original article in a new tab)

Americans face significant housing affordability challenges, with many struggling to meet costs, leading to increased reliance on renting, multigenerational living, and alternative housing solutions.

• Affordability is the top concern for Americans, with nearly half of renters and 24% of homeowners paying more than 30% of income on housing.
• Homeownership is becoming less attainable, with many considering renting a more practical option due to high costs and financial instability.
• Climate-related issues and rising utility bills are increasing stress for homeowners, prompting some to seek energy-efficient solutions.