Climbing rents have propelled cost burdens to staggering new heights: in 2022, half of all US renters were cost burdened. The number of renter households spending more than 30 percent of their income on rent and utilities rose by 2 million in just three years to a record high of 22.4 million.
The US population 65 and over soared by 34 percent in the last decade, from 43 million in 2012 to 58 million in 2022. In the coming decade, the fastest growth will occur among those over 80, when people are more likely to need accessible housing as well as services and supports at home. The US, however, is not ready to provide housing and care for this surging population.
What is the state of housing design in the US, and how are architects responding to issues such as climate change, the affordability crisis, increasing regulations and construction costs, and the demand for new housing that better reflects today's demographic realities?
The pandemic focused attention on our homes as never before, lifting the US remodeling market to an unprecedented height of $567 billion in 2022. But greater investment is needed to better prepare against disasters, improve energy efficiency, and meet the accessibility needs of an aging population.
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