- 24.7%: U.S. renters who spend more than half their income on rent.
- 49.5%: Those who spend more than the federal threshold of “affordable” (30% of income).
- 7,000,000: Nationwide shortage of affordable homes for low-income renters.
- 552,830: People experiencing homelessness on a single night in 2018.
- 7,400,000: Americans forced to move in with friends or family.
- 32%: Increase in median rent from 2001 to 2015.
- 97%: Increase in the number of homes renting for $2,000 or more between 2005 and 2015.
- 80%: U.S. markets where home prices are growing faster than wages.
- 1%: U.S. counties where a fair-market one-bedroom rental home is affordable for a full-time minimum-wage worker.
- 103: Weekly hours worked at minimum wage needed to afford a one-bedroom home at national average fair-market rent.
December 31, 2019
Some housing facts
From In These Times
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1 comment:
There are at least 10 million unoccupied homes in the US. Houses are built for profit not need. Thus, particularly during a slump, brick mountains, empty houses, mothballed developments, and unemployed builders exist alongside the homeless and those living in sub-standard accommodation.
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