Rental Housing Study Examines Cost Burdens for Lowest Income Households
The Joint Center for Housing Studies at Harvard University (JCHS) recently released its biennial rental housing study. The report finds that unprecedented growth in the rental housing market is slowing amid persistent affordability challenges for low- and moderate-income renter households. Fewer new renter households are being formed, rental vacancy rates have risen, and rent increases have slowed. However, at the same time, renter demographics are changing and rental affordability challenges remain prevalent.