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Report: Housing affordability worsens

Posted by: VHFA on December 17, 2009 - 10:50am

chp logoA recent report from the Center for Housing Policy shows housing affordability has worsened, despite dropping home prices.

"Housing Affordability Trends for Working Households" reports the number of working families across the nation with "severe housing cost burdens" rose from 18 to 20 percent from 2005-08.

The number of working renters spending more than 50 percent of their income for housing stayed about the same: 22 percent.

Download a copy of the report (PDF) or read the center's press release.

The Center for Housing Policy is the research affiliate of the National Housing Conference, an organization advocating for national policies and legislation that promote suitable housing in safe, decent environments.

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