A new report from the National Low Income Housing Coalition (NLIHC) says that the number of Americans spending more than 50% of their income on housing is at an all-time high.
The study says that the troubled housing market, combined with demographic shifts, is increasing the market for rental housing and limiting availability:
"With little new supply of multifamily units in the pipeline, rents could rise sharply as demand increases. Regardless, affordability is likely to deteriorate further over the next few years as persistently high unemployment limits renter income gains."
Builder Magazine gives a breakdown of how some states are faring in this climate.
FULL STORY: As Renters Grow in Ranks, Options and Affordability Shrink
Rents Likely To Stay High as Home Sales Market Cools
The Fed’s recent decision to raise interest rates is causing a slowdown in the housing market, but rents are poised to remain high as demand for rental housing continues to outpace supply.
U.S. Rents Spiking As More Renters Enter the Market
All of the nation's largest metro areas are experiencing sharp growth in costs and demand for rental housing, posing even more challenges for low-income renters.
Rents Rose Between December and January
After dropping to a three-year low, U.S. rent costs grew in many major cities.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The 120 Year Old Tiny Home Villages That Sheltered San Francisco’s Earthquake Refugees
More than a century ago, San Francisco mobilized to house thousands of residents displaced by the 1906 earthquake. Could their strategy offer a model for the present?
Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.
BLM To Rescind Public Lands Rule
The change will downgrade conservation, once again putting federal land at risk for mining and other extractive uses.
Indy Neighborhood Group Builds Temporary Multi-Use Path
Community members, aided in part by funding from the city, repurposed a vehicle lane to create a protected bike and pedestrian path for the summer season.
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