Rental Resurgence Marked by Single-Family Expansion and Diverging Affordability Trends for Owners and Renters
November 15, 2012
The housing bust and Great Recession have changed the supply and demand landscape of the housing market. This issue of Housing Insights documents key housing market changes using recently released data from the Census Bureau's American Community Survey. The analysis finds that homeownership rates continue to decline, particularly among young households; that single-family housing is absorbing a disproportionate share of new rental demand; and that housing affordability problems are mounting among young renters, while easing for young homeowners.
Housing Insights: Rental Resurgence Marked by Single-Family Expansion and Diverging Affordability Trends for Owners and Renters (PDF)