Home ownership rate is currently near averages maintained since the 70s. But it increased substantially in the 40s-70s (from ~45% to 65%). So to the extent that

Home ownership rate is currently near averages maintained since the 70s. But it increased substantially in the 40s-70s (from ~45% to 65%). So to the extent that rise was enabled by dual income households you’re absolutely right more demand for housing drives up housing prices and saps up the extra income.