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.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.
The Tiny, Adorable $7,000 Car Turning Japan Onto EVs
The single seat Mibot charges from a regular plug as quickly as an iPad, and is about half the price of an average EV.
Trump Approves Futuristic Automated Texas-Mexico Cargo Corridor
The project could remove tens of thousands of commercial trucks from roadways.
Austin's First Single Stair Apartment Building is Officially Underway
Eliminating the requirement for two staircases in multi-story residential buildings lets developers use smaller lots and more flexible designs to create denser housing.
Atlanta Bus System Redesign Will Nearly Triple Access
MARTA's Next Gen Bus Network will retool over 100 bus routes, expand frequent service.
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Smith Gee Studio
City of Charlotte
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)