The fledgling U.S. housing recovery lost momentum last year as homeownership rates continued to fall, single-family construction remained near historic lows, and existing home sales cooled, concludes The State of the Nation’s Housing report released by the Joint Center for Housing Studies of Harvard University. In contrast, rental markets continued to grow, fueled by another large increase in the number of renter households. However, with rents rising and incomes well below pre-recession levels, the U.S. is also seeing record numbers of cost-burdened renters, including more renter households higher up the income scale. The 2015 report was released by live webcast from the Ford Foundation in New York on Wednesday, June 24, 2015 and featured:
Jim Zarroli, Reporter, National Public Radio (moderator)
Don Chen, Director, Metropolitan Opportunity, Ford Foundation
Lynn Fisher, VP of Research and Economics, Mortgage Bankers Association
Chris Herbert, Managing Director, Harvard Joint Center for Housing Studies
Celia Smoot, Director of Housing, Local Initiatives Support Corporation (LISC)
Paul Weech, President and CEO, NeighborWorks America
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