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Housing Trends.pdf

B_NMHC_PDF-Sections_National-Trends_PG-10-TO-17.pdf
Preview of Housing Trends
🔗 Source: housingtoolkit.nmhc.org
📊 Size: 287 KB
📄 Pages: 8 pages
⬇️ Downloads: 85

Summary

The US faces a housing affordability crisis due to a shortage of rental housing, rising development costs, and stagnant incomes. From 2000 to 2016, real hard costs increased by 57%, land costs doubled, and renter income declined by 5.5%. 46% of renters struggled to afford rent, with middle-income renters experiencing a 129% increase in cost-burdened households. The US needs 4.6 million new apartments by 2030 to meet demand, but has only added 3.2 million rental units affordable to low- and middle-income households since 2000, resulting in a shortage of 1.2 million units.

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Description

The US faces a housing affordability crisis due to a shortage of rental housing, rising development costs, and stagnant incomes.

Technical Information

  • File Format: PDF
  • File Size: 287 KB
  • Pages: 8
  • Language: EN
  • Total Downloads: 85
  • Last Updated: 1 week ago

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