We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
The Joint Center for Housing Studies of Harvard University (JCHS) recently released “The State of the Nation’s Housing” report for 2017. The report shows that 37 percent of American households now rent. This marks a 50-year high. The report also finds that the supply of rental housing has not kept pace with demand. As a result, the rental market has a vacancy rate of 6.9 percent, a 30-year low, and 11 million renters spend more than half of their incomes on housing.
The report asserts that affordability and accessibility are both major concerns:
