Americans Believe Market Is Amidst Housing Affordability Crisis
Washington, DC, December 5, 2018-Nearly three out of four American households believe that the nation is suffering a housing affordability crisis, and a majority of respondents reported this is a problem at their local and state level as well, according to a new nationwide survey conducted on behalf of the National Association of Home Builders (NAHB).
More than 2,200 adults were surveyed November 27 through November 30 to assess the public’s attitude on whether a lack of affordable housing is a problem in their neighborhoods, cities, states and nationwide. The poll cut across partisan, regional, demographic and socio-economic lines. Among its key findings:
* 73% of all respondents believe that a lack of affordable housing is a problem in the U.S.
* 68% believe this is an issue in their state and 54 percent cite housing affordability as a concern in their neighborhood.
* 58% said that if they decided to purchase a home in the near future, they would have trouble finding a home they could afford in their city or county.
* Breaking down by community types, 68% reported a dearth of affordable housing as a problem in urban communities, 64% said it was an issue in middle-class neighborhoods and 56% cited a problem in rural areas.