Every year, Habitat for Humanity sponsors Harvard University’s State of the Nation’s Housing report, which provides a look into the U.S. housing market’s impact on renters and homebuyers. Spoiler: it’s not great.

Here are the key takeaways related to Habitat’s work:

  1. Soaring housing costs led to a substantial rise in housing cost burdens for the first time in 10 years.

  2. Record housing shortages are a fundamental driver of our affordability challenges.

  3. Some progress was made on homeownership, but major challenges lie ahead.

  4. Zoning reforms and new housing investments will be important solutions.