The State Of The Nation’s Housing 2017

 In Industry News

Harvard University’s Joint Center for Housing Studies reinforces DBC’s multifamily investment strategy in annual “State of the Nation’s Housing”

After more than a decade of soaring demand and five years of real rent increases, rental markets across the nation remain extremely tight in 2016. Rapid growth in both renters and rents continued in most markets, although the pace moderated somewhat in certain high-cost markets. Meanwhile, multifamily construction took up the lead from single-family conversions in adding supply, but most of these new apartments are concentrated at the high end. As a result, the diminishing supply of low-cost rental housing remains in high demand, fueling ongoing concerns about the market’s ability to meet the housing needs of lower-income households. Moreover, almost all of the improvement has been on the owner side. “The problem is most acute for renters. More than 11 million renter households paid more than half their incomes for housing in 2015, leaving little room to pay for life’s other necessities,” says Herbert (Harvard’s State of the Nation’s Housing – 2017).

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