A couple posts back, I showed how housing affordability has been challenged during the last decade, using the places along the NC2SD Bike & Build route as subjects. Across many communities, the costs of housing have increased more rapidly than household incomes, squeezing out potential homeowners.
We can trace lines to some of the more obvious effects, like decreased homeownership and increased renting. But what about a more intermediate figure (versus own/rent), such as consumer spending on housing? Continue reading