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:
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Soaring housing costs led to a substantial rise in housing cost burdens for the first time in 10 years.
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Record housing shortages are a fundamental driver of our affordability challenges.
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Some progress was made on homeownership, but major challenges lie ahead.
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Zoning reforms and new housing investments will be important solutions.
