THESTATEOFTHENATION’SHOUSING2023JOINTCENTERFORHOUSINGSTUDIESOFHARVARDUNIVERSITYPrincipalfundingforthisreportwasprovidedbythePolicyAdvisoryBoardoftheJointCenterforHousingStudies.Additionalsupportwasprovidedby:FederalHomeLoanBanksHabitatforHumanityInternationalHousingAssistanceCouncilMBA’sResearchInstituteforHousingAmericaNationalApartmentAssociationNationalAssociationofHomeBuildersNationalAssociationofHousingandRedevelopmentOfficialsNationalAssociationofREALTORS®NationalCouncilofStateHousingAgenciesNationalHousingConferenceNationalHousingEndowmentNationalLeagueofCitiesNationalLowIncomeHousingCoalitionNationalMultifamilyHousingCouncilNeighborWorksAmerica©2023bythePresidentandFellowsofHarvardCollege.TheopinionsexpressedinTheStateoftheNation’sHousing2023donotnecessarilyrepresenttheviewsofHarvardUniversityorthePolicyAdvisoryBoardoftheJointCenterforHousingStudies.0TABLEOFCONTENTS1.ExecutiveSummary.............................................................12.HousingMarkets.................................................................103.DemographicDrivers......................................................184.Homeownership..............................................................255.RentalHousing...................................................................326.HousingChallenges.....................
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