Entry-level, starter homes are becoming harder to find. In 1982, 40 percent of the country’s newly constructed houses were entry-level modest homes, but by 2019, the annual share had fallen to around 7 percent. The high costs of building materials, labor costs, and zoning regulations that discourage construction all contribute to the lack of entry-level housing. With many people looking for housing near jobs and other opportunities, rising land costs pose another barrier for developing such housing. When land is expensive, it’s harder for builders to turn a profit on smaller homes, so they focus on building larger luxury homes that are out of reach for many families.
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing