U.S. Housing Market Lays New Ground in 2022, But Challenges Remain

2021 brought quite a bit of uncertainty for the housing market, just like 2020. This time, though, it’s inflation, rising material prices, supply chain issues, and the high cost of purchasing a home that is giving the industry a headache. As 2022 settles in, the housing market is looking to pick up where it left off and find its footing.

“Given the uncertainties as mentioned around supply chain issues that haven’t been resolved yet and inflation, which some now believe may not be transitory and could be here to stay, I would not get comfortable and expect normalcy,” said Sachin Jhangiani, Co-founder and CMO of Elevate Money.

Finding that footing may be harder than it sounds. Affording a house, especially in today’s market, isn’t exactly for everyone, especially when it comes to younger generations. According to the U.S. Census Bureau, the homeownership rate in 2021 for individuals under 35 years old was around 38 percent, while it was almost double that at 61 percent for the next age group, 35 to 44 years old.

Some experts believe homes simply aren’t affordable anymore. According to a survey conducted by apartmentlist.com, 74 percent of millennials in 2020 chose renting over homeownership because they could not afford to buy a home. Jhangiani agrees.

“I think millennials are getting priced out of the housing market as institutional investors are buying and owning large portfolios, single-family homes, and driving up the price. So it’s not necessarily a lack of desire, it could just be a lack of resources,” Jhangiani said.

Follow us on social media for the latest updates in B2B!

Image

Latest

Emergency department
How Predictive AI Is Helping Hospitals Anticipate Admissions and Optimize Emergency Department Throughput
December 24, 2025

Emergency departments across the U.S. are under unprecedented strain, with overcrowding, staffing shortages, and inpatient bed constraints converging into a throughput crisis. The American Hospital Association reports that hospital capacity and workforce growth have lagged, intensifying delays from arrival to disposition. At the same time, advances in artificial intelligence are moving from experimental to operational—raising…

Read More
Mission
Why Is the Mission of Benchmark So Important
December 23, 2025

As pharmaceutical innovation accelerates, the margin for error narrows, making quality assurance not just a regulatory necessity but a public good. Benchmark’s mission sits at the intersection of progress and protection—helping manufacturers stay aligned with FDA standards so life-saving therapies reach patients faster and safer. By keeping cleanrooms compliant and companies out of trouble, Benchmark…

Read More
Benchmark
What Is It Like for You to Be Part of the Benchmark Products Teams Now
December 23, 2025

Being part of the Benchmark Products team today means working at the intersection of precision manufacturing and deeply human collaboration, especially in the high-stakes world of cleanroom and sterility assurance solutions. As the organization grows, employees describe a culture that still feels familial—one where clear communication, personal accountability, and genuine care for customers drive…

Read More
Cleaning
Do Your Friends Ever Ask You For Cleaning Tips
December 23, 2025

In a media landscape increasingly shaped by privacy constraints, data clean rooms have emerged as a quiet but powerful way for brands to collaborate without exposing sensitive information, even if, as Will Sepsis quips, some partners would still prefer that “ignorance is bliss.” That tension—between curiosity and caution—captures the moment we’re in, where understanding…

Read More