Report: Housing Crisis In The U.S.

None of America's traditional middle class workers would qualify to purchase a median priced home based on median income according to a report by the National Housing Conference.

1 minute read

May 7, 2003, 9:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

None of Americas elementary school teachers, police officers,licensed practical nurses, retail salespersons or janitors would qualify to purchase a median priced homebased on median income, according to a compelling new study from the National Housing Conference(NHC) entitled Paycheck to Paycheck: Wages and the Cost of Housing in America. Compiled by NHCsresearch affiliate the Center for Housing Policy, findings for the nation as a whole reveal that the medianannual salaries for each of these five occupations fall short of the nearly $50,000 necessary to qualify forthe median priced home of $156,000, with the earnings of licensed practical nurses, retail sales personsand janitors lagging by substantial margins. Of particular concern, families dependent solely on thesalary of a janitor or retail salesperson pay in excess of what is considered affordable for a two-bedroomapartment in all of the 60 individual metropolitan areas studied. [Complete report available online including analysis of 60 U.S. metropolitan areas.]

Thanks to Abhijeet Chavan

FULL STORY: Paycheck to Paycheck: Wages and the Cost of Housing in America

Saturday, May 3, 2003 in National Housing Conference

Housing United States

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Learn More

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.