JCHS Releases Growth Projections of Homeowner and Renter Households

The Harvard Joint Center for Housing Studies (JCHS) recently released growth projections of homeowner and renter households in a report entitled, “Tenure Projections of Homeowner and Renter Households for 2018-2038.” JCHS projects that the U.S. will add between 2.1 million and 6.2 million renter households by 2028, and between 5.9 million and 10.3 million by 2038. The actual trajectory of homeownership rates and their impact on the number of renter households will depend on a number of factors, including households’ demand for housing, constraints on access to mortgage credit, and the supply of available homes for sale.

The report can be found here.