Construction costs have surged in recent years, pushing homeownership further out of reach for many Americans. But this isn’t a new concern: In 1978, the U.S. Government Accountability Office warned that rising costs were threatening the American dream—at a time when the median home price was just US$44,300, less than three times the median household income. Today, that figure has climbed past $419,000, more than five times what the median American makes.
How rising wages for construction workers are shifting the foundations of the housing market
Reader’s Picks
-
In today’s fractured online landscape, it is harder than ever to identify harmful actors such as trolls and misinformation spreaders.This [...]
-
The Netflix series “Adolescence” has sparked important conversations about the role of social media in spreading harmful content. It has [...]
-
A team of psychologists at the University of Manchester, in the U.K., working with a colleague from Mohammed VI Polytechnic [...]