#USHouseMarketStructureDraft
US Housing Market Structure Draft**
The US housing market is composed of three main property types:
- **Single-family homes** (60% of the market) – Detached houses designed for one household.
- **Multi-family units** (30%) – Buildings like apartments, duplexes, or condos that house multiple families.
- **Manufactured homes** (10%) – Prefabricated houses, often more affordable but with different financing and zoning considerations.
**Key Players in the Market:**
- **Buyers & Sellers** – Individuals or institutions purchasing or selling properties.
- **Real Estate Agents** – Facilitate transactions between buyers and sellers.
- **Lenders** (Banks & Mortgage Companies) – Provide financing for home purchases.
- **Investors** – Including institutional buyers, landlords, and flippers who influence supply and pricing.
**Factors Influencing Market Dynamics:**
- **Interest Rates** – Lower rates increase affordability, boosting demand.
- **Zoning Laws** – Local regulations impact housing supply and development types.
- **Economic Conditions** – Employment rates and wage growth affect purchasing power.
**Homeownership Rate:** Approximately **65%**, reflecting the proportion of households that own rather than rent their homes.
This structure highlights the balance between different housing types, the roles of market participants, and the external factors shaping affordability and availability in the US housing market.