Around 11 percent more households will pay more than half of their incomes in rent in 2025, a new report from Harvard University’s Joint Center for Housing Studies says.
The report was prepared together with Enterprise Community partners, an affordable-housing organization.
“The situation could have significant policy implications,” writes The Wall Street Journal reporter Laura Kusisto. This comes in a time when the private sector is struggling to produce profitable housing that is affordable to buyers with lower and moderate incomes, and many federal housing subsidies have been cut in recent years.
Millennials and the Hispanic population are expected to grow and continue to rent in larger numbers.
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