Which term describes housing built with cost considerations to accommodate average income families?

The term that describes housing built with cost considerations to accommodate average income families is economic housing. This concept focuses on creating affordable housing solutions that fit within the budgetary constraints of average-income households, often emphasizing cost-effective construction methods and materials. Economic housing aims to strike a balance between affordability and quality, ensuring that families can secure stable living conditions without facing financial strain.

In contrast, social housing typically refers to housing provided by the government or non-profit organizations that is primarily aimed at low-income individuals or families. Public housing is a subset of social housing and is directly managed and funded by the government. Market housing, on the other hand, refers to residential properties that are sold or rented at market rates, which can be unaffordable for average-income families. Thus, economic housing is specifically tailored for the financial realities faced by those within the average income bracket.