A recent report from Harvard found that, even as the number of homeowners increases, prices have increased dramatically. The ratio of median home price to median household income rose from a low of 3.3 in 2011 to 4.1 in 2018, which the report said was a sign of deteriorating affordability. While there is geographic variation, the report still indicates that housing is costing more than most people can afford. In one out of seven metro areas, for example, home values are five times greater than incomes, while in one out of three metro areas, the ratio is just three times greater. It doesn't appear that this trend will reverse soon, as the study found that a large percentage of the new housing being built is for the high-end market, while the supply of smaller and more affordable homes has been limited. It's simply not profitable right now to build homes for the middle market, said the report.