A Construction Industry in Need of Remodeling

Cynthia Boruchowicz, Cesar Patricio Bouillon () and Sebastian Miller

Chapter 6 in Room for Development, 2012, pp 149-185 from Palgrave Macmillan

Abstract: Abstract The supply of housing units for low-income households is limited in Latin America. In many cases, families located at the bottom of the income distribution cannot find an affordable housing solution in the private market. In many cities, the bulk of new homes are sold to the wealthiest socioeconomic segments of the population. In six of nineteen cities surveyed, the cheapest dwelling costs far more than what low-income households can afford: more than US$35,000, on average. In three of those cities (Buenos Aires, Caracas, and Santiago), the average price is higher than $40,000 (see chapter 3).

Keywords: Construction Industry; Construction Cost; Housing Unit; Construction Sector; Residential Construction (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-03146-4_7

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DOI: 10.1057/9781137031464_7

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