US housing squeeze: Over 50% of families burdened by rent; here's how much tenants pay

Over 50% of renter families in America struggle with exorbitant housing costs, largely due to a chronic shortage of available homes that maintains high rental prices nationwide. Lower-income families bear the brunt of these escalating expenses, as zoning limitations and regulatory challenges obstruct new construction initiatives. Experts anticipate that upcoming housing legislation could eventually influence market pricing dynamics.

By TOI REAL ESTATE DESK