In the media

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Our research is regularly cited in national and local news outlets; below is some of our recent press coverage.

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BBC

Biden announces plan to cap rent hikes

Nationwide, rent prices have risen by 21% since January 2021, according to data from the Federal Reserve Bank of St Louis. Home prices are on the rise, too.
In early 2024, home prices hit an all-time record, rising 6.4% from February 2023 to 2024, according to a new report from the Harvard Joint Center for Housing Studies.

The Wall Street Journal

Evictions Surge in Major Cities in the American Sunbelt

Higher rents mean that even temporary income losses can be too much for tenants to ride out: About a quarter of renter households in America spend 50% or more of their income on housing, according to Harvard University’s Joint Center for Housing Studies.

Money Magazine

8 Things People Have Stopped Buying (and Why)

The Joint Center for Housing Studies at Harvard University estimates that spending on home remodeling and maintenance will shrink throughout 2024 and into early 2025 — including a decrease of about 7% in each of the last two quarters of this year.

The Washington Post

What to do if your landlord raises your rent

According to the latest annual report on the state of rental housing from the Joint Center for Housing Studies of Harvard University, half of the 22.4 million renting households in the U.S. were cost burdened, meaning they spent more than 30 percent of their income on rent in 2022. Evictions also increased, along with homelessness.

CBS News

Homes are unaffordable in 80% of larger U.S. counties, analysis finds

"Housing costs have been outpacing incomes since the 1960s," Chris Herbert, the managing editor for Harvard University's Joint Center for Housing Studies told CBS News. "Why is that? Partly because of the fact that land, on which all homes sit, has been growing faster than incomes."

Marketplace

Lumber is cheap, but building or renovating a home isn’t

Despite lumber being relatively cheap, building material costs are up 30% compared to 2019, which means homes remain expensive, according to Robert Dietz, chief economist at the National Association of Home Builders. A lot goes into building or remodeling a home, said Carlos Martín at the Harvard Joint Center for Housing Studies. “There are a wide range of other materials whose prices have gone up,” Martin said. “A lot of plastics, plastic-related products. There’s been some variability with steel.”

CNBC

Here’s how bad housing affordability is now

Still, it feeds into what is now one of the least affordable housing markets in U.S. history for both homeownership and renting. The housing cost burden has hit a record, according to a new report from Harvard’s Joint Center for Housing Studies. Home prices are now 47% higher than they were in early 2020, with the median sale price now five times the median household income, according to the study.