The Housing Landscape for America’s Working Families, 2007

Source: Maya Brennan and Barbara J. Lipman, Center for Housing Policy, August 2007

From press release:
The number of low- to moderate-income working family renters paying more than half their income for housing has doubled – growing faster than the number of working family homeowners with this problem -according to a new study entitled The Housing Landscape for America’s Working Families 2007 conducted by the Center for Housing Policy. Specifically, the study found that the number of working family renters paying more than half their income for housing grew 103 percent from 1 to 2.1 million between 1997 and 2005. The number of working family homeowners paying more than half their income for housing increased at a significantly slower rate, rising 75 percent from 1.4 million to 2.4 million during the same time period. This study also takes an in-depth look at housing problems in 31 U.S. metropolitan areas and provides specific affordability findings for working family renters and homeowners in these metro areas.

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