Housing in the United States comes in a variety of forms and tenures. The rate of homeownership in the United States, as measured by the fraction of units that are owner-occupied, was 64% as of 2017[update].[1] This rate is less than the rates in other large countries such as China (90%), Russia (89%) Mexico (80%), or Brazil (73%) (see List of countries by home ownership rate).
Housing in the United States is heavily commodified, and when viewed as an economic sector, contributes to 15% of the gross domestic product.[2] As in countries such as Canada or the United Kingdom, the United States is experiencing a crisis in housing affordability, with cost increases in housing vastly outstripping wage growth. From 2000 to 2021, the median rent more than doubled.[3] The amount of public housing is capped via the Faircloth Limit, and when available can only be offered to households meeting certain eligibility requirements.
More than half a million people are homeless. The geographic patterns of homelessness in the United States are explained by the high cost and low availability of housing, rather than variations in the rates of mental illness or drug addiction.[4]
Most houses in the United States are made from wood.
- ^ "Homeownership: The American Dream | HUD USER". www.huduser.gov. Retrieved 2022-03-02.
- ^ "Housing and GDP" (PDF).
- ^ Desmond, Matthew (March 9, 2023). "Why Poverty Persists in America". The New York Times. New York Times.
- ^ Cite error: The named reference
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