A higher percentage of people are renting their homes in the U.S. than has been the case for many decades. The market is responding with more rental housing development – but there is a big glitch – too much of that new rental housing now being developed is on the high end of the affordability spectrum.

This article: “Surge in New Rental Construction Fails to Meet Need for Low-Cost Housing,”   by Irene Lew, at the Harvard Joint Center for Housing Studies, offers a thorough and informative analysis of the current situation – which is not a good one for moderate to low income people in our communities.

“…the housing affordability crisis has shown little signs of abating in recent years, as renter incomes continue to lag behind rising housing costs. Though there has been a ramp-up in rental housing construction, much of this new housing is intended for renters at the upper end of the income spectrum…”