Half Of American Renters Struggle With Unaffordable Housing Costs, Study Finds | WHAT REALLY HAPPENED


Half Of American Renters Struggle With Unaffordable Housing Costs, Study Finds

With economists expecting another frothy core-CPI print north of 2% when the BLS releases its September update on consumer prices later this week, shelters costs - and particularly rent - are expected to be a major contributor to these gains (particularly since the price impact from the Trump administration tariffs hasn't materialized yet). As we pointed out over the weekend, home prices, according to at least one study, have reached peak unaffordability, as a lack of supply (and already exorbitant household debt) inflates prices and constrains consumers' ability to buy.

As more members of the middle class have chosen to rent instead of becoming homeowners, the average national rent has soared, with housing costs rising across the US, particularly in costly urban markets clustered along the coasts. One consequence of this renting boom is that households that rent have become increasingly burdened by these higher costs. And in a report published this week, Apartment List analyzed publicly available Census data to determine how the cost burden of rents has shifted over the past decade.

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