Press Releases

Aerial view of city and highways

30th Anniversary Harvard Report Shows Some Improvement in the U.S. Housing Market but Much That Has Worsened

Since the Harvard Joint Center for Housing Studies first released its seminal State of the Nation’s Housing report in 1988, more than 40 million housing units have been built in the U.S., the country has added 27 million new households, and last year’s national homeownership rate of 63.9 percent was very close to the 64 percent rate of the late 1980s. At the same time, however, the number of Americans burdened by housing costs has risen by nearly 14 million households over the last 30 years, the number of households with student loan debt has nearly doubled, and the gap between black and white homeownership has widened.

18 HARVARD STUDENTS RECEIVE SUMMER INTERNSHIPS AND RESEARCH FUNDING

Improving responses to natural disasters, preserving historic black communities in Seattle, providing affordable housing in California, and addressing the housing needs of refugees in Paris are among the 18 summer student fellowships and research projects being funded this year by the Joint Center for Housing Studies (JCHS).

ANNOUNCING THE 2018 JOHN R. MEYER DISSERTATION FELLOWS

Harvard doctoral students studying the impact of climate change on housing prices, changes in rental housing markets after the Great Recession, and the impacts of forest conservation on housing prices in urbanizing rural areas have been named 2018 John R. Meyer Dissertation Fellows by the Harvard Joint Center for Housing Studies.

Growing Momentum Expected for Remodeling Spending

CAMBRIDGE, MA – Accelerating growth in residential improvement and repair expenditures is anticipated through the third quarter of 2018, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects that annual gains in home renovation and repair spending will increase from 6.3 percent in the fourth quarter of 2017 to 7.7 percent by the third quarter of next year.

Steady Gains in Remodeling Activity Moving into 2018

CAMBRIDGE, MA – Healthy and stable growth in home improvement and repair spending is anticipated for the remainder of the year and into the first half of 2018, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects that annual increases in remodeling expenditures will soften somewhat moving forward, but still remain at or above 6.0 percent through the second quarter of 2018.

Growing Demand and Tight Supply are Lifting Home Prices and Rents, Fueling Concerns about Housing Affordability

Cambridge, MA – A decade after the onset of the Great Recession, the national housing market has, by many measures, returned to normal, according to the latest State of the Nation’s Housing report, released today by the Joint Center for Housing Studies of Harvard University. Housing demand, home prices, and construction volumes are all on the rise, and the number of distressed homeowners has fallen sharply.