In the Media

High mortgage rates, lack of supply and elevated prices of homes have made the dream of owning a house for a lot of first-time buyers out of reach. But some experts suggest that one option that could help ameliorate the challenge of affordability in the housing market—manufactured homes, which cost $129,000 on average.

These homes, which are built and then placed on a lot, cost less to build, according to a recent study from researchers at Harvard University's Joint Center for Housing Studies, which could also mean that they'd be cheaper to buy than traditional homes. The researchers point out that building a basic manufactured home could cost 35 percent less than a typical home.

Renters in the Miami metropolitan area are the most cost-burdened in the country, according to a new report from the Joint Center for Housing Studies at Harvard University, which measured how many people spent at least 30 percent of their household income on housing. The report also found that Florida was the most unaffordable state for renters, followed by Hawaii and Nevada.

“If you go through any sort of life crisis, you’re on the brink of homelessness,” said Whitney Airgood-Obrycki, lead author and senior research associate focused on affordable housing at the Joint Center for Housing Studies of Harvard University.

Half of renters in the U.S. spent more than 30% of their income in 2022 on rent and utilities, according to the new America’s Rental Housing report by the Joint Center for Housing Studies of Harvard University.

“Rental markets are cooling, but in a lot of places, it doesn’t mean they’re falling. It means they’re growing at a slower pace,” said Whitney Airgood-Obrycki, a senior research associate focused on affordable housing at the Joint Center for Housing Studies of Harvard University.

A new report from the Joint Center for Housing Studies of Harvard University has found that in 2022, a historic half of U.S. renters were forced to put 30% of their earnings toward rent and utilities. Nearly half of those people were severely cost-burdened, paying more than 50% of their take home pay.

However, median rent is still $309 higher than the same time in 2019, before the pandemic. That’s a 22% increase. And people have been feeling it. In some places, rents aren’t dropping at all. Rent is just increasing at a slower pace. Still, even if rents aren’t dropping like a rock, they aren’t expected to be skyrocketing in the same way this year. This may come as some relief to the 22.4 million households who, according to Harvard University’s Joint Center for Housing Studies, pay more than a third of their income in rent.

This follows the national trend: "In 2022, a record-high 22.4 million renter households spent more than 30% of their income on rent and utilities," according to a new study from the Joint Center for Housing Studies at Harvard University.

A newly released report from the Joint Center for Housing Studies of Harvard University found that in 2022, half of all U.S. renters were cost burdened, spending more than 30% of their income on housing.

Americans are struggling to pay their rent this month, according to a new report from Harvard University's Joint Center for Housing Studies.

Renters in the U.S. are spending more of their income on housing than ever before, a new Harvard study shows. What's going on and how can we fix the crisis? Chris Herbert, managing director of Harvard Joint Center for Housing Studies, the group behind the study, and Lizzi Wyant, deputy executive director for Metropolitan Area Planning Council joined Tori Bedford to discuss.