Home prices rose at an unprecedented pace in the aftermath of the COVID-19 pandemic as interest rates fell to record lows, the large cohort of millennials aged increasingly…
This paper shows how different housing submarkets are linked by residential vacancy chains – the series of moves across housing units initiated by the construction of new…
Manufactured housing holds promise as an affordable form of housing that could expand homeownership opportunities for low- and moderate-income households at a time when house…
Around 1970, an unprecedented movement emerged across major American cities calling for returning control of urban government to the neighborhood level. Although…
Alexander Hermann, Whitney Airgood-Obrycki
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February 7, 2024
However defined, rural areas in the US face significant and unique economic and housing challenges. Yet there is no standard definition of rural used in federal policy and no…
Harvard Joint Center for Housing Studies
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January 25, 2024
Climbing rents in recent years propelled US cost burdens to staggering new heights: in 2022, half of all US renters were cost burdened. This all-time high of 22.4 million…
Chris Herbert, Alexander Hermann, Daniel McCue, Chadwick Reed
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January 23, 2024
Manufactured housing holds promise as an affordable form of housing that could expand homeownership opportunities for low- and moderate-income households. This report reviews…
Since the beginning of the Covid-19 pandemic in early 2020, we have watched dramatic changes in housing markets, urban life, and residential patterns impact American cities…
Harvard Joint Center for Housing Studies
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November 30, 2023
Over the next ten years, the US population over the age of 75 will increase by 45 percent, from 17 million to nearly 25 million. The growth is widespread, across urban,…
This paper estimates the impact of household liquidity provision on macroeconomic stabilization using the 2020 CARES Act mortgage forbearance program. We leverage…