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Naperville
Quick Hit
by Ellyn Fortino
9:58pm
Thu Jun 25, 2015

U.S. Homeownership Rate Keeps Falling, While Tally Of Cost-Burdened Renters Hits Record High

The national homeownership rate continued its downward trend in 2014 as the share of U.S. renter households reached its highest level in 20 years, according to the annual State of the Nation's Housing report by the Joint Center for Housing Studies at Harvard University. A record number of U.S. renters are also facing housing cost burdens, the new research showed.

For the 10th straight year, the national homeownership rate dropped in 2014, falling to 64.5 percent. The rate ticked down to an even lower 63.7 percent in the first quarter of 2015.

The number of U.S. owner-occupied households fell for the eighth consecutive year in 2014, dropping by 233,000.

"Perhaps the most telling indicator of the state of the nation's housing is the drop in the homeownership rate to just 64.5 percent last year," the Joint Center for Housing Studies's Managing Director Chris Herbert said in a statement. "This erases nearly all of the increase from the previous two decades. In fact, the number of homeowners fell for the eighth straight year, and the trend does not appear to be abating."

PI Original
by Ellyn Fortino
6:58pm
Wed May 20, 2015

Illinois Renters Must Earn $18.78 Hourly To Afford A Two-Bedroom Apartment, Report Finds

The gap between wages and rents continues to widen in Illinois and nationally, shows a new report from the National Low Income Housing Coalition.

Quick Hit
by Ellyn Fortino
1:08pm
Tue Aug 12, 2014

Report: High Housing Costs Persist For Millions Of Americans, Renters Hit The Worst

The U.S. housing industry saw some progress in 2013 due in part to increased housing construction as well as rising home prices and sales, according to the annual State of the Nation’s Housing report by the Joint Center for Housing Studies at Harvard University.

Despite areas of improvement, however, the report found that homeownership rates are still trending downward, low-income households face persistent challenges finding affordable housing and millions of Americans continue to grapple with high housing costs.

Quick Hit
by Ellyn Fortino
4:31pm
Mon Feb 10, 2014

Reports: Universities Lead In Transportation Strategies; Northeastern Illinois Suffers From Transit Deserts

American colleges and universities are leaders when it comes to creating new transportation models designed to reduce driving, according to a new report released by the Illinois Public Interest Research Group (PIRG) Education Fund.

But while it may be easier getting around various college campuses in Illinois without a car, that is not necessarily the case in other areas of the state, shows a seperate report submitted to the Northeastern Illinois Public Transit Task Force.