LEARNING AREA: Real Estate Development
Annotation 2020-02-05 142329.jpg

America's Rental Housing 2020


Joint Center for Housing Studies of Harvard University




Despite slowing demand and the continued strength of new construction, rental markets remain extremely tight. Vacancy rates are at decades-long lows, pushing up rents far faster than incomes. Both the number and share of cost-burdened renters are again on the rise, especially among middleincome households. These conditions reflect fundamental market changes since the recession, including an influx of higherincome households, constraints on new supply, and substantial losses of low-cost rentals. With only limited federal support, state and local agencies are doing what they can to expand the affordable housing supply. What is needed, however, is a comprehensive response from all levels of government to address the scale of the nation’s rental affordability crisis.