Topic: National

Research
The Gap: A Shortage of Affordable Homes (NLIHC, 2017)

The Gap: A Shortage of Affordable Homes highlights the critical housing needs of the nation’s lowest income households. More than 11.4 million extremely low income renter households in the U.S, whose income is no greater than 30% of their area median income (AMI) or the poverty guideline, face a shortage of 7.4 million affordable and available rental homes. Nationally, only 35 affordable homes are available for every 100 ELI renter households. A shortage exists in every state and major metropolitan area.

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Research
Improving America’s Housing 2017: Demographic Change and the Remodeling Outlook (JCHS)

Rising 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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