The State of the Nation's Housing 2015

Title The State of the Nation's Housing 2015
Author Name Joint Center for Housing Studies of Harvard University

This document explores homeownership in the US. The US housing recovery lost momentum in 2014 as homeownership rates continued to fall, single-family construction remained near historic lows, and existing home sales cooled. In contrast, the rental market remained a bright spot, fueled by strong growth in renter households. With rents rising and incomes well below pre-recession levels, though, the number of housing cost-burdened renters set another record, far surpassing public efforts to provide affordable housing. And despite the rebound in much of the nation, a number of minority and low-income neighborhoods remain severely distressed. 

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