AgentMarkets & Economy

Majority of Americans reeling over affordable housing crisis

While 44 percent feel 'we're still in the middle of the housing crisis'
  • The MacArthur Foundation released its 2016 "How Housing Matters Survey" that examines Americans' opinions on the current housing market and their experiences in finding affordable housing.
  • According to the survey, 81 percent of Americans feel housing affordability is an issue and 44 percent feel we're still in a housing crisis.
  • The survey shows that at least 37 million Americans don't have "stable and affordable" housing and that Americans at all income levels are making sacrifices, such as scaling back on savings and healthcare, to pay rent or mortgage costs.
  • The study's silver lining is that 63 percent of Americans believe "a fair amount" can be done to improve housing affordability, and they support legislative measures that can change the situation.

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Americans' opinions on the current housing market and their experiences in finding affordable housing were explored in the just-released "How Housing Matters Survey," a joint effort by The MacArthur Foundation, Kresge Foundation, Melville Charitable Trust and Hart Research Associates. The research involved phone interviews with 1,200 adults over the course of two weeks, and the results showed a growing pessimism about the ability to find safe, sanitary and affordable housing for themselves and their families. According to the survey, 81 percent of respondents said that housing affordability is a problem -- and furthermore, 60 percent of respondents characterized it as a "serious problem." “Too many Americans today believe the dream of a decent, stable home, and the prospects for social mobility, are receding,” said MacArthur President Julia Stasch in a statement. “Having a decent, stable, affordable home is about more than shelter: It is at the core of strong, vi...