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.
Read More »Residential Remodeling Activity Primed to Retreat?
According to a new analysis from the Joint Center for Housing Studies, home updates are likely to see some changes over the coming year. Click through to learn what the study is forecasting over the next four quarters.
Read More »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.
Read More »Fewer Homeowners Repairing, Maintaining Homes
A new report found that many lower-income homeowners who make repairs rely on government assistance repair programs for emergency, structural, plumbing, electrical, mechanical, and replacement needs.
Read More »Affordable Single-Family Rental Shortages Creating Investment Opportunities
According to a new report by Harvard University’s Joint Center for Housing Studies, the number of broadening renter demographics will create demand for a wide variety of rental housing in the years to come, creating opportunities for single-family rental investment.
Read More »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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