ResearchRising house prices and incomes, an aging housing stock, and a pickup in household growth are all contributing to today’s strong home improvement market. Demand is robust in coastal metros with especially high house values and household incomes. Demographic trends should continue to buoy the market over the next decade, with the rising tide of older homeowners accounting for more than three-quarters of projected growth. Although the huge millennial generation is set to shape future spending trends, younger households have been slow to break into homeownership and the remodeling market.
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ResearchThis Harvard JCHS report analyzes the Annual Social and Economic Supplement (ASEC) of the Current Population Survey for 1985-2015 to examine the determinants of changes in the homeownership rate, using shift-share analyses to measure the extent to which changing demographics explain the observed changes.
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ResearchThis report examines strategies used by local governments to address rising housing costs and displacement of low-income households in gentrifying neighborhoods. To assist tenants at risk of displacement, the report details strategies to regulate the landlord/tenant relationship well as strategies to provide assistance for households that move.
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ResearchThis research note expands on the Paycheck to Paycheck 2016 analysis and explores the context in which these salaries are being earned by examining household spending on a variety of items. Households must balance their spending on housing with their spending on other key household needs, such as transportation and healthcare. The lowest income households face the greatest challenges in balancing these competing needs.
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ResearchRecent literature on doubled-up families in the US has focused on households that take in and provide support for adult children or economically displaced relatives. From recent American Community Survey (ACS) data, however, Fannie Mae finds that in a growing number of households, a substantial proportion of total income comes from additional adults other than the homeowner / head of household or their spouse.
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ResearchBy 2035, more than one in five people in the US will be aged 65 and older. This growth will increase the demand for affordable, accessible housing that is well connected to services far beyond what current supply can meet. This Harvard JCHS report explores the future of older Americans.
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ResearchA report from the Center for American Progress examines the characteristics of extended families and their housing conditions. The report also articulates policy recommendations that will spur the creation and preservation of affordable housing for extended families.
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ResearchA study by Cheryl Young of Trulia found that low income housing funded by the Low Income Housing Tax Credit (LIHTC) did not impact the value of nearby homes. Her analysis included 3,083 LIHTC developments in 20 of the least affordable housing markets.
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