In the Media

Expanding the supply of modestly priced rentals would help alleviate the strain from so many new apartments targeting renters with high incomes, “although additional subsidies will be needed to make housing affordable to households with the lowest incomes,” researchers at Harvard University’s Joint Center for Housing Studies wrote in a recent report.

According to a report from Harvard University's Joint Center for Housing Studies, home renovation and maintenance spending grew by 16% in 2022, but its growth is now slowing—2023 is only seeing 2.6% growth.

According to Harvard’s Joint Center for Housing Studies, the median age of owner-occupied homes in the United States was 41 years in 2021.

The U.S. housing crisis continues on, despite high rates of new, multifamily construction, reads a recent report from the Harvard Joint Center for Housing Studies.

“As cost burdens show up in places where we don’t expect it, there seems to be more political momentum around addressing these problems,” said Whitney Airgood-Obrycki, senior research associate at the Harvard Joint Center for Housing Studies.

A record 21.6 million U.S. households are rent-burdened, spending more than 30% of their income on rent.

Nearly half of renters — an estimated 49% — are cost burdened, according to a recent report from the Joint Center for Housing Studies at Harvard University.

Homeownership remains one of the the largest wealth generators in the United States, according to a report from the Joint Center for Housing Studies at Harvard University, and lack of funds for a down payment is often the greatest barrier to buying a home.

Rent in California is becoming increasingly difficult to afford, and low-rent units are harder to find. Sophia Wedeen, a research analyst at the Harvard Joint Center for Housing Studies, wrote in a blog post that the supply of rental units in California that are priced below $1,400 per month has gone down between 2011 and 2021.

According to Sophia Wedeen, a research analyst at the Joint Center for Housing Studies, some of the problems laid out in the report can be remedied with subsidies like housing vouchers. “Housing assistance is really effective and wonderful for the households who get it, and obviously, there's not nearly enough funding,” Wedeen said in an interview with Motherboard.