Faircloth Limit in the context of "Housing in the United States"

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👉 Faircloth Limit in the context of Housing in the United States

Housing in the United States comes in a variety of forms and tenures. The rate of homeownership in the United States, as measured by the fraction of units that are owner-occupied, was 64% as of 2017.

Housing in the United States is heavily commodified, and when viewed as an economic sector, contributes to 15% of the gross domestic product. The amount of public housing is capped via the Faircloth Limit, and when available can only be offered to households meeting certain eligibility requirements.

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