The State of the Nation's Housing 2015
Joint Center for Housing Studies of Harvard University
Download Document| Date Published | 2015 |
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| Country | United States |
Abstract
This document explores homeownership in the US. The US housing recovery lost momentum in 2014 as homeownership rates continued to fall, single-family construction remained near historic lows, and existing home sales cooled. In contrast, the rental market remained a bright spot, fueled by strong growth in renter households. With rents rising and incomes well below pre-recession levels, though, the number of housing cost-burdened renters set another record, far surpassing public efforts to provide affordable housing. And despite the rebound in much of the nation, a number of minority and low-income neighborhoods remain severely distressed.