The Joint Center for Housing Studies at Harvard University has issued its annual report on the State of the Nation’s Housing . The 2010 version focuses on housing up to the end of the first quarter of 2010 which, in today’s volatile market makes much of what it says not only old news, but largely irrelevant. The report charts the on-off, up-down nature of the recovery as it relates to home sales, home prices, and delinquencies and foreclosures as well as public efforts to assist the markets. What has not received as much attention from other sources is the report’s conclusions on household formation (headship rates,) and income. The report notes that, ” after at least three decades of progress, real median household incomes will almost certainly end the 2000s lower than they started. ” The…(read more)
News: Household Formation a Function of Immigration & Employment