23
See National Association of Realtors, Housing
Affordability Index, available here: http://www.
realtor.org/sites/default/files/reports/2015/embargoes/hai-11-2014/hai-11-2014-housing-affordabilityindex-01-09-2015.pdf.
40
Laurie Goodman and Rolf Pendall, Changing
Demographics: Implications for the Housing
Market, presentation to the J. Ronald Terwilliger Foundation for Housing America’s Families,
January 7, 2015, Slide 6.
24
The State of the Nation’s Housing 2014, 4, 22.
41
State of the Nation’s Housing 2014, 12-13.
25
Ibid. at 22.
42
Ibid. at 13.
26
This information was taken from National Multifamily Housing Council, Quick Facts: Resident
Demographics (http://www.nmhc.org/Content.
aspx?id=4708) (accessed on February 3, 2015).
43
See The Urban Institute, Mapping America’s
Futures, available here: http://datatools.urban.org/
features/mapping-americas-futures/#map.
44
27
American Community Survey, Median Household
Income the Past 12 Months (in 2013 InflationAdjusted Dollars) by Tenure, 2009-2013 American
Community Survey 5-Year Estimates, U.S. Census
Bureau.
Ibid. See the section entitled “Age and Race
Trends, 2000-2030.”
45
Laurie Goodman and Rolf Pendall, Changing
Demographics: Implications for the Housing
Market, presentation to the J. Ronald Terwilliger Foundation for Housing America’s Families,
January 7, 2015, Slide 5.
46
Rakesh Kochnar and Richard Fry, Wealth inequality
has widened along racial, ethnic lines since end of
Great Recession, Pew Research Center (December
12, 2014), available here: http://www.pewresearch.org/fact-tank/2014/12/12/racial-wealth-gapsgreat-recession/.
47
Joint Center for Housing Studies of Harvard University, State of the Nation’s Housing 2013 (2013),
14.
48
Ibid. at 13.
28
U.S. Department of Housing and Urban Development, Office of Policy Development and Research,
Worst Case Housing Needs: 2015 Report to Congress, Executive Summary, released on February
4, 2015. This report did note, however, a modest
drop in “worst case needs” from 2011 to 2013,
largely the result of higher renter incomes stemming from an improving economy.
29
State of the Nation’s Housing 2014, 27.
30
Ibid. at 32.
31
Barry Steffen et al., Worst Case Housing Needs
2011: Report to Congress, U.S. Department of
Housing and Urban Development (August 2013),
5.
32
See Housing Assistance Matters Initiative,
Mapping America’s Rental Housing Crisis, Urban
Institute (accessed on February 2, 2015), available
here: http://www.urban.org/housingaffordability.
33 See
Worst Case Housing Needs: 2015 Report to
Congress, Executive Summary, released on February 4, 2015.
49 Ibid.
50
State of the Nation’s Housing 2014, 13. Immigration
to the U.S. did decline modestly in 2013 after three
years of growth. See Neil Shah, Fewer Immigrants
Came to the U.S. Last Year, Wall Street Journal,
January 23, 2014.
51
Demographic Challenges and Opportunities for
U.S. Housing Markets, 37, 46; see also Housing
America’s Future: New Directions for National
Policy, 20.
34 Ibid.
52 Ibid.
35
State of the Nation’s Housing 2014, 18.
53
36
U.S. Department of Commerce, New Residential
Construction in November 2014 (December 16,
2014), available here: http://www.census.gov/
construction/nrc/pdf/newresconst.pdf.
Henry Cisneros, “New Visions for Aging in Place,”
in Independent for Life: Home and Neighborhoods
for an Aging America, ed. Henry Cisneros, Margaret Dyer-Chamberlain, and Jane Hickie, Stanford
Center on Longevity (2012), 8.
37
America’s Rental Housing: Evolving Markets and
Needs, 19.
54
State of the Nation’s Housing 2014, 26.
55
Joint Center for Housing Studies of Harvard University, Housing America’s Older Adults: Meeting
the Needs of an Aging Population (2014), 3.
38
See D. McCue, The Burden of High Housing Costs.
39
For a good overview of these changing demographics, see State of the Nation’s Housing 2014,
12-16; Bipartisan Policy Center, Housing America’s
Future: New Directions for National Policy (February 2013), 17-20; and Rolf Pendall et al., The Urban
Institute, Demographic Challenges and Opportunities for U.S. Housing Markets (2011).
The Silent Housing Crisis: A Snapshot of Current and Future Conditions
56
Ibid.
57
See Henry Cisneros, The Bipartisan Policy Center,
The Health and Housing Nexus (December 8,
2014), available here: http://bipartisanpolicy.org/
blog/the-health-and-housing-nexus/.
58
Polyana da Costa, Bankrate.com, Survey: 36
percent not saving for retirement, (August 18,
2014), available here: http://www.bankrate.com/
finance/consumer-index/survey-36-percent-notsaving-for-re tirement.aspx.
23