A study by Enterprise Community Partners and Harvard's Joint Center on Housing Studies includes dire predictions about the future of an already-deeply-troubled rental market.
"The number of U.S. households that spend at least half their income on rent—the 'severely cost-burdened,' in the lingo of housing experts—could increase 25 percent to 14.8 million over the next decade," reports Patrick Clark.
That prediction comes from a new report from Enterprise Community Partners, a non-profit affordable-housing group, and Harvard’s Joint Center on Housing Studies. The data also includes a demographic angle that shows that some groups in the country will take more of the growing burden than others. "More than 1 million households headed by Hispanics and more than 1 million headed by the elderly could pass into those ranks," adds Clark.
Read the full story: The Rent Crisis Is About to Get a Lot Worse
‘Worrying Trend’: Number of Housing Cost-Burdened Seniors At All-Time High
Nearly 11.2 million older adults in the U.S. are spending more than 30 percent of their household income on housing.
HUD Updates Fair Market Rate Definition
The U.S. Department of Housing and Urban Development announced two actions last week intended to expand the reach of federal housing voucher programs.
U.S. Now Thoroughly Rent Burdened
Average U.S. rent burden reached 30 percent for the first time ever at the end of 2022, according to a recent analysis.
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.
Eastern Nebraska is running out of electricity
Data centers and electrification are straining eastern Nebraska’s grid, throttling economic development.
Move over, LA: St. Louis gears up for Olympics, invests millions in downtown redevelopment
The Missouri city will host the 2028 Olympic soccer group stage and knockout matches.
Mass. votes against statewide minimum lot size for single-family homes
Over 2 million residents voted on Question 7; it was decided by just over 30,000 votes.
Maryland’s $15 billion bridge project gains key approval
The Maryland Transit Authority said the project will create over 60,000 jobs and add $23 billion to the local economy.
‘No clear next steps’ for Chicago's permanent festival grounds
Eleventh Ward Ald. Nicole Lee has suggested Soldier Field as a possible location for the permanent event space.
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
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
Montrose County
The Pocatello Development Authority