Affordable Housing, Community Development, Reports and Publications

Rental Population Outpaces Rental Stock

NYU Furman Center/Capital One National Affordable Rental Housing Landscape
 

According to a new report - Renting in America’s Largest Metropolitan Areas - conducted by New York University’s Furman Center and Capital One National Affordable Rental Housing Landscape, the renter population is finding it increasingly difficult to find affordable units.

The study evaluated the rental markets of the 11 largest metropolitan areas in the U.S. between 2006 and 2014: Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Miami, New York City, Philadelphia, San Francisco and Washington, D.C.

The authors found that although the rental stock grew, the stock in most of the cities did not keep pace with the growth of the renter population. The increased demand for rental units reduced the number of vacancies and consequently the affordability of apartments. The vacancy rate declined in each of the observed cities, except Miami, FL. The affordability of rental units for the typical renter households declined in over half of the cities.

Click here to view the full report. 

 

 
 

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