Economists Warn US Must Build Millions of Homes to End Affordability Crunch

The dream of homeownership is getting further out of reach for millennial and Generation Z Americans as more buyers fight over fewer homes.

Townhouse for sale in Elkridge, Md., on Sept. 27, 2024. Madalina Vasiliu/The Epoch Times

It’s the worst of times for young Americans looking to buy a home.

Already wracked by years of economic chaos, rapid inflation, and dwindling early-career job prospects, Americans in the millennial and Generation Z cohorts are now facing an affordability crisis when it comes to homes.