1 in 4 Americans struggle with housing costs: Census Bureau

turning from homebuilders to home owners here as well. I mean, they’re feeling the weight of housing costs as well. What what can you tell us there?

So, data from the census bureau says that one and four middle class Americans are really getting squeezed by housing costs. And these homeowners are paying about 30% of their income towards housing costs. So, both people that own or who want to buy a home have to deal with high home prices, high property taxes, insurance premiums, and then also higher interest rates. It’s also important to note that the income of these households has gone up more than 50% in the last 10 years. So that’s really good, but it just hasn’t kept up with what the costs of owning a home really comes down to.

Absolutely. Yahoo Finance’s own Danny Romero, thanks so much for tracking the home sector and those home builders as well, as you were mentioning a moment ago. We’ll see how the rest of those earnings start to come in too.