Harvard’s Joint Center for Housing Studies finds that while vacancy rates have rebounded from historic lows and new construction is slowly adding supply, the U.S. housing market remains deeply strained. Existing home sales are near a 30-year low, monthly payments on the median-priced home are at $3,100, and 83% of renters earning under $30,000 are spending more than 30% of their income on housing. The report finds that 7 million extremely low-income renters compete for just 3.8 million affordable units, and that the supply of apartments renting for under $1,000 has declined by 7 million units over the past decade.
Read more: https://www.jchs.harvard.edu/blog/ten-takeaways-2026-state-nations-housing
