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.
Read the 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.
Oklahoma has Over 200,000 Vacant Homes. None are Affordable to Low-income Families.
The state faces a shortage of over 80,000 rental units for extremely low-income households while hundreds of thousands of vacant units face financial or legal barriers to restoration.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.
Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
Draining the reservoir could reduce evaporation losses by a couple hundred thousand acre-feet.
US buildings threatened, destroyed by fires set to triple by 2060
Researchers found a high fire risk for socioeconomically vulnerable neighborhoods in the American West.
LA residents may be allowed to paint their own crosswalks
Councilwoman Katy Yaroslavsky put out a motion instructing the Los Angeles Department of Public Transportation to study the feasibility of allowing volunteers to paint crosswalks.
Dallas moves to overhaul its zoning code
The city's zoning reform will allow more multi-family and mixed-use developments.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
Hunter College, City University of New York (CUNY)
The Architects Foundation
University of Cincinnati Online
City of Cambridge
Montrose County
The Pocatello Development Authority