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A Construction Industry in Need of Remodeling

In: Room for Development

Author

Listed:
  • Cynthia Boruchowicz
  • César Patricio Bouillon
  • Sebastian Miller

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).

Suggested Citation

  • Cynthia Boruchowicz & César Patricio Bouillon & Sebastian Miller, 2012. "A Construction Industry in Need of Remodeling," Palgrave Macmillan Books, in: César Patricio Bouillon (ed.), Room for Development, chapter 6, pages 149-185, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-03146-4_7
    DOI: 10.1057/9781137031464_7
    as

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