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Tag Archives: joint center for housing studies

Gen Zers Outpace Millennials, Now Leading U.S. Rental Demand

Millennials outweigh Gen Zers in terms of population, but not when it comes to renter households, according to a new report from the Joint Center for Housing Studies. Daniel McCue, Senior Research Associate, reveals the future of rental housing demand and projects the number of renter households both generations will add over the next decade.

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Nationwide Supply of Low-Cost Rentals Down in Every State

As rental demand heightens, the overall supply of low-rent units has fallen by 3.9 million over the last decade due to rent increases in existing units, building condemnations, and demolitions, according to the latest Joint Center for Housing Studies State of the Nation Housing report.

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Price Gap Widens Between Priciest, Most Affordable Metros

According to a new report issued on Friday, home price appreciation rates are disparate between the nation’s most and least expensive cities—and that gap is only widening. While 16 percent of U.S. markets have seen housing prices jump 40 percent since the year 2000, another 30 percent of cities actually saw prices decline over the same period. Despite the discrepancy, nominal prices rose in 97 out of the nation’s 100 biggest metro areas last year due to high demand and tightening supply. As a result, affordability is on the downslope across the nation; an estimated 19 million households spent more than half of their income on housing.

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