Increased numbers of cost-burdened renters

The share of renters paying more than 30 percent of their income for housing expenses is expected to continue to increase. About 40.6 million U.S. households spent more than 30 percent of their incomes on housing in 2021, an increase of 3.4 million from 2019, according to anew analysisfrom the Joint Center for Housing Studies (JCHS) of Harvard University. Many households are priced out of high-amenity, high-opportunity urban neighborhoods. A lack of affordable housing fuels urban expansion and planning responses have reinforced the same market dynamics.