The annual State of the Nation's Housing report from the Joint Center for Housing Studies (JCHS) at Harvard University is the latest vehicle for sounding the alarm about the country's diminishing housing stock and the resulting decline in affordability.  Although the economy has recovered from the Great Recession and household growth has returned, housing production has not. The report says, "the shortfall in new homes is keeping the pressure on house prices and rents, eroding affordability-particularly for modest-income households in high-cost markets."

 

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