Harvard Releases State of the Nation’s Housing Report

The Harvard Joint Center for Housing Studies recently released its 3oth annual housing report, The State of the Nation’s Housing 2018. Managing Director Chris Hebert said, “By many metrics, the U.S. housing market in 2018 is on sound footing. But a number of challenges highlighted in the first State of the Nation’s Housing report 30 years ago persist today, and in many respects, the situation has worsened for both the lowest-income Americans and those higher up the income latter.” Long-term challenges that the report has identified include: an increase in cost-burdened households, constraints in the supply of new housing, more expensive land prices and housing construction costs, and decreased rates of homeownership among young adults and black households. See this recorded webcast for a discussion about the implications of the report’s findings.