Losing Ground: Housing Affordability Worsens for Working Households
By Caitlin Jones
1 min read
Tax Credit Advisor, April 2011: Working households in the U.S. have lost ground in housing affordability, with renters faring worse than homeowners, according to a new report by the National Housing Conference’s Center for Housing Policy.
The report, Housing Landscape 2011, analyzed housing affordability trends for working households between 2008 and 2009, focusing on the effects of employment, income, and housing costs. It defines working households as households whose members worked at least 20 hours per week on average and made no more than 120% of the area median income (AMI). Some 46.2 million households met this definition in 2009: about one-third of all owner households and 60% of all renter households.
