America's Rental Housing 2024
According to our new report, America's Rental Housing 2024, climbing rents in recent years propelled US cost burdens to staggering new heights: in 2022, half of all US renters were cost burdened. This all-time high of 22.4 million renter households spent more than 30 percent of their income on rent and utilities and was an increase of 2 million households in just three years. Among those renters, 12.1 million had severe cost burdens, paying over half of their income for housing, also an all-time high. And while rental markets are finally cooling, evictions have risen, the country is seeing the highest homelessness counts on record, and the need for rental assistance is greater than ever. Additionally, the aging rental stock requires significant investment to address structural inadequacies, inaccessibility, and climate risks.
Presentation of Report Findings
Whitney Airgood-Obrycki, Senior Research Associate, Harvard Joint Center for Housing Studies
Robbie Sequeira, Staff Writer, Stateline (Moderator)
Chris Herbert, Managing Director, Harvard Joint Center for Housing Studies
Pete Cannava, Head of Multifamily Capital, Wells Fargo
Ethan Handelman, Deputy Assistant Secretary for Multifamily, U.S. Department of Housing and Urban Development
Jacqueline Waggoner, President, Solutions Division, Enterprise Community Partners
Keynote: The Biden Administration Policies and Priorities for Rental Housing
Neera Tanden, Director, Domestic Policy Council, The White House
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