Public Notice

Friday, Jan. 8, 2010

Rising Housing Costs Despite Lower Home Prices
Center for Housing Policy Report Examines New Housing Trends

Housing costs are rising, despite the drop in home prices, according to a new study released by the Center for Housing Policy. Although the onset of the foreclosure crisis created a buyer’s market, with lower home prices, the report examines the effects of recent housing market turbulence on housing affordability.

The report, entitled “Housing Affordability Trends for Working Households,” analyzes the housing affordability at the national level for low-and moderate-income working owners and renters between 2005 and 2008. The report analysis stated that working U.S. households with a severe housing cost burden, are spending more than half of their monthly income for housing (including utilities) increased from 18 to 20 percent from 2005 to 2008, while working renters expenditure on housing stayed the same between 2005 and 2008 at approximately 22 percent.

The report was prepared by the National Housing Conference research affiliate.

To view the full report: Housing Affordability Trends for Working Households, click here.


				Friday, Jan. 8, 2010 Rising Housing Costs Despite Lower Home Prices *Center for Housing Policy Report Examines New Housing Trends* Housing costs are rising, despite the drop in home prices, according to a new study released by the Center for Housing Policy. Although the onset of the foreclosure crisis created a buyer’s market, with lower home prices, the report examines the effects of recent housing market turbulence on housing affordability. The report, entitled “Housing Affordability Trends for Working Households,” analyzes the housing affordability at the national level for low-and moderate-income working owners and renters between 2005 and 2008. The report analysis stated that working U.S. households with a severe housing cost burden, are spending more than half of their monthly income for housing (including utilities) increased from 18 to 20 percent from 2005 to 2008, while working renters expenditure on housing stayed the same between 2005 and 2008 at approximately 22 percent. The report was prepared by the National Housing Conference research affiliate. To view the full report: Housing Affordability Trends for Working Households, click here.