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Construction of small, affordable starter homes has decreased 75% since the 1970s.
Findings
Additional insights we found via CNBC
Rising costs aren’t the only thing stopping first-time homebuyers from buying real estate.
Only 9% of recent new construction is for starter homes.
The majority of new housing construction focuses on higher-end buyers.
That's partly due to factors including the increasing costs of land, labor, and resources.
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