Study: 'Severely Cost-Burdened Renters' Could Increase 25 Percent

A study by Enterprise Community Partners and Harvard's Joint Center on Housing Studies includes dire predictions about the future of an already-deeply-troubled rental market.

1 minute read

September 22, 2015, 6:00 AM PDT

By James Brasuell @CasualBrasuell

"The number of U.S. households that spend at least half their income on rent—the 'severely cost-burdened,' in the lingo of housing experts—could increase 25 percent to 14.8 million over the next decade," reports Patrick Clark.

That prediction comes from a new report from Enterprise Community Partners, a non-profit affordable-housing group, and Harvard’s Joint Center on Housing Studies. The data also includes a demographic angle that shows that some groups in the country will take more of the growing burden than others. "More than 1 million households headed by Hispanics and more than 1 million headed by the elderly could pass into those ranks," adds Clark.

FULL STORY: The Rent Crisis Is About to Get a Lot Worse

Monday, September 21, 2015 in Bloomberg Business

Housing United States Rental Market Housing Cost Burdens Enterprise Community Partners Joint Center on Housing Studies View More

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