The State of the Nation’s Housing 2024

Homeowners and renters across the US are struggling with high housing costs. On the for-sale side, millions of potential homebuyers have been priced out of the market by high home prices and interest rates, while the number of renters with cost burdens has hit an all-time high. However, a surge in new multifamily rental units is slowing rent growth and accelerated single-family construction is starting to lift for-sale inventories. Still, addressing the country’s housing crisis, including the record number of people experiencing homelessness, the inadequate housing safety net, and the growing threat of climate change, will require contributions from the private and nonprofit sectors as well as policymakers at all levels of government. 

SOURCE: https://jchs.harvard.edu/calendar/state-nations-housing-2024