Rental Market Putting Squeeze on Low to Moderate Income Households

According to a report released by the Harvard Joint Center for Housing Studies (JCHS) the rental market conditions have not changed very much, if at all, since the Great Recession. With upper income households accounting for much of the growth in rental demand since 2010, the supply of new multi-family units has been geared to upper end of the market. However, increased demand and limited supply has reduced the stock of low to moderate cost rental units.