America’s Rental Housing 2020.

Supply, Demand and Income.

Despite slowing demand and the continued strength of new construction, rental markets remain extremely tight. Vacancy rates are at decades-long lows, pushing up rents far faster than incomes. Both the number and share of cost-burdened renters are again on the rise, especially among middle­income households. These conditions reflect fundamental market changes since the recession, including an influx of higher­income households, constraints on new supply, and substantial losses of low-cost rentals. With only limited federal support, state and local agencies are doing what they can to expand the affordable housing supply. What is needed, however, is a comprehensive response from all levels of government to address the scale of the nation’s rental affordability crisis.

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Burns & Bertha – Changing Lives – Red Line Investors – © 2020
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Reprinted with permission of Joint Center for Housing Studies of Harvard University. All rights reserved. ©Joint Center for Housing Studies of Harvard University®