The 2015 report on rental housing from the Harvard Joint Center for Housing Studies has been released.
The report, America’s Rental Housing: Expanding Options for Diverse and Growing Demand, found that 43 million families and individuals live in rental housing, which is 9 million more households than 2005. The rise is the largest 10-year gain on record.
Renters continue to spend a larger portion of their income on rent. In 2014, 21.3 million renters were classified as cost burdened, meaning they spent more than 30% of their income on rent. In 2001, only 14.8 million individuals or families spent 30% or more on rent. Nearly 49% of renters are cost burdened, and 26% are categorized as severely cost burdened (paying more than half of income towards rent).
“More families are renting and too many of them are struggling as supply fails to meet demand and stagnant incomes fail to keep up with rising rents,” said Julia Stasch, President of the John D. and Catherine T. MacArthur Foundation, in a statement. “The affordability of rental housing is a critical national issue that deserves more attention and more action from policymakers."
Related Stories
![Multifamily housing today: 7 exciting, inspiring innovations [AIA Course]](/sites/default/files/styles/list_big/public/Screen%20Shot%202017-05-02%20at%2011.55.02%20AM.png?itok=ZS_4opT9 "Multifamily housing today: 7 exciting, inspiring innovations [AIA Course]")
Multifamily Housing | May 2, 2017
Multifamily housing: 7 exciting, inspiring innovations [AIA Course]
This AIA CES course features seven novel approaches developers and Building Teams are taking to respond to competitive pressures and build more quickly and with more attractive offerings.
Multifamily Housing | Apr 26, 2017
Multifamily amenity trends: The latest in package delivery centers
Package delivery centers provide order and security for the mountains of parcels piling up at apartment and condominium communities.
Multifamily Housing | Apr 26, 2017
Huh? A subway car on the roof?
Chicago’s newest multifamily development features an iconic CTA car on its amenity deck.
Multifamily Housing | Apr 18, 2017
Three multifamily, three specialized housing projects among 14 recipients of the AIA’s 2017 Housing Awards
2017 marks the 17th year the AIA has rewarded projects and architects with the Housing Awards.
Multifamily Housing | Apr 18, 2017
AIA honors three multifamily projects with 2017 Housing Awards
Bjarke Ingels’ VIA 57 West in New York is among the winners.
Multifamily Housing | Apr 18, 2017
Hanging Gardens-inspired CLT residential development proposed for Birmingham
Garden Hill will provide an ‘oasis-like residence’ for Birmingham’s growing, multicultural student population.
3D Printing | Apr 17, 2017
The Tokyo Pod Vending Machine resembles a giant game of Tetris in the sky
The building is designed to print and dispense its own dwellings in vending machine-obsessed Tokyo.
Multifamily Housing | Apr 10, 2017
Apartment deliveries will peak by mid-2017: Axiometrics report
A total of 343,582 apartment units will come onto the market in 2017, 55.7% of which in the first half of the year.
Mixed-Use | Apr 5, 2017
SOM-designed ‘vertical village’ is Thailand’s largest private-sector development ever
60,000 people will live and work in One Bangkok when it is completed in 2025.
High-rise Construction | Apr 4, 2017
Fifth tallest tower in the world opens in Seoul with the world’s highest glass-bottomed observation deck
Lotte World Tower’s glass-bottomed observation deck allows visitors to stand 1,640 feet above ground and look straight down.
