Title: Diverted Homeowners, the Rental Crisis and Foregone Household Formation

Date: 5/3/2016

Author(s): Lee, Myers, Painter, Park

Executive Summary:

Much has been written already about the housing crisis that precipitated the Great Recession. Among the long-term impacts have been the emergence of a rental housing shortage and an intensified affordability crisis in the rental market. This report analyzes various supply and demand factors that have led to this crisis. In so doing, it provides detailed analysis of the shifts in homeowner and rental demand.