Housing Landscape 2015 - Housing Cost Burdens
This report released by the National Housing Conference indicates that income growth has modestly eased the burden of paying for housing, but struggles remain as housing costs continue to increase for renters. Specifically, the report reveals that in 2013, one in four working renter households spent more than half of their income on housing each month. Even though the median income of working renters rose 6.7 percent from 2010 to 2013, rents rose 4.9 percent during that time period, leading to only slight improvements in housing affordability. Affordability remains an issue for homeowners as well, with about 17 percent of working homeowner households experiencing severe housing cost burden even as their median housing costs decreased.
SOURCE: National Housing Conference Center for Housing Policy