February 10, 2015

Americans remain pinched by housing costs

Off the Charts -  The number of low-income households paying more than half of their income for rent or living in severely substandard housing remains 30 percent above pre-recession levels despite the improving economy, a new Department of Housing and Urban Development report shows.  In 2013, 7.7 million households had “worst-case housing needs” (HUD’s measure of the most serious housing problems), the report shows — up from 5.9 million in 2007.  Most of them include a child, elderly individual, or person with disabilities.  These data don’t include many of the more than 1 million households that were in shelters or on the streets in 2013.

MORE HOUSING STATS

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