The household expenditure on housing in the U.S. was at $20.8K in 2023. Projected values show a steady increase from $21.01K in 2024 to $22.04K by 2028. Annually, this represents a growth of approximately 1.3% year-on-year, with an overall CAGR of about 1.4% over these five years, indicating a moderate upward trend in housing expenses.
Future trends to watch for:
- Impact of interest rate changes on housing affordability.
- Influence of housing supply constraints on expenditure trends.
- Economic conditions affecting disposable income and housing costs.
