Harvard Research Center Releases The State of the Nation’s Housing 2015, Showing Grim Results
For consumption by the security dealers and home automation dealer whose business relies on new construction, the Joint Center for Housing Studies of Harvard University conducts an annual report on The State of the Nation’s Housing. This report offers useful insight into not only homeownership and renter rates, but trends among cost-burdened households who pay a disproportionate share of income for housing, potentially leaving less income for purchasing things such as technology.
The State of the Nation’s Housing2015 report, released in June, concluded that the fledgling U.S. housing recovery lost momentum last year as homeownership rates continued to fall, single-family construction remained near historic lows, and existing home sales cooled. In contrast, rental markets continued to grow, fueled by another large increase in the number of renter households. However, with rents rising and incomes well below pre-recession levels, the U.S. is also seeing record numbers of cost-burdened renters, including more renter households higher up the income scale.