Why aren’t there more cheap ‘starter homes’ in the U.S.?

From NPR.

In the housing market, there are signs that things are starting to cool down. But the shortage of “starter homes” — smaller, more affordable homes — still remains a problem for people trying to buy for the very first time.

We’ve been asking readers and listeners for their questions about all things homebuying and renting, and the topic of starter homes came up a lot. So today, we’re answering a question from Gabriel Veasey from Bastrop, Texas, about why there aren’t many of these kinds of houses, and where they might be found.

Do you have questions about homeownership and renting for us? Drop them in the comments, and we may follow up with you.