Press Releases

Aerial view of city and highways

Robust Remodeling Growth Anticipated by Re-Benchmarked LIRA

Cambridge, MA – Strongly accelerating growth in home improvement and repair spending is expected heading into 2017, according to the newly re-benchmarked Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The new and improved LIRA projects that home remodeling spending will increase 8.6% by the end of 2016 and then further accelerate to 9.7% by the first quarter of next year.

Record Number of Renter Households Face Severe Affordability Problems

Cambridge, MA and Washington, DC – Multifamily housing construction has accelerated to its fastest pace in nearly 30 years but has still not been sufficient to meet surging demand. Rental vacancy rates are now at their lowest point since 1985 and inflation-adjusted rents are rising 3.5 percent annually.

Homeownership Rates Drop to Historic Lows; Middle Class Feels the Strain of Rising Rents

Cambridge, MA - The fledgling U.S. housing recovery lost momentum last year as homeownership rates continued to fall, single-family construction remained near historic lows, and existing home sales cooled, concludes The State of the Nation’s Housing report released today by the Joint Center for Housing Studies of Harvard University. In contrast, rental markets continued to grow, fueled by another year of large increases in the numbers of renter households.

Christopher E. Herbert to Lead Harvard’s Joint Center for Housing Studies

CAMBRIDGE, MA - Mohsen Mostafavi, Dean of the Harvard Graduate School of Design, and David T. Ellwood, Dean of the Harvard Kennedy School, announced today that Dr. Christopher E. Herbert has been appointed Managing Director of the Harvard Joint Center for Housing Studies, effective January 1, 2015. In making this announcement, the Deans noted that Herbert is a nationally recognized scholar and researcher with great depth of experience in housing analysis and public policy.