The Housing Affordability Challenges of America's Working Households
National Housing Conference's Housing Landscape summarizes the affordable housing challenges of low and moderate income working households. These households have greater affordability challenges than the overall population.
Key findings include:
More than one in four working renter households spends more than half it's income on housing.
Between 2009-2012, rising incomes and declining owner costs modestly improved affordability.
Renter income has risen, but affordability still remains a challenge as rents continue to increase.
The loss of low and mod ate income working households obscures affordability challenges.
The lowest income households face the greatest household cost burdens.
High housing costs and low incomes remain significant challenges in many states and metro areas.