How rising wages for construction workers are shifting the foundations of the housing market
- Written by Bahaa Chammout, Kummer I&E PhD Fellow in Civil Engineering, Missouri University of Science and Technology
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...
