Review article

The article examines the indicators of housing affordability and proposes a methodology for assessing the impact of various factors on the key summary indicator, namely, the time it takes for households to acquire housing ownership. It is shown that this indicator is influenced by numerous factors, including the price and size of the housing purchased, the income and expenditure levels of households, the tax environment, as well as mortgage rates. The author proposes a ranking of these factors based on the strength of their impact on the outcome indicator. Analysis of the influence of the described above factors allows for the identification of development reserves in housing construction, as well as the identification of negative and positive externalities, with the aim of forming the government policy for industry development and addressing the socio-economic challenge of housing affordability for households.