America's Rental Housing: Expanding Options for Diverse and Growing Demand

December 2015

Rental housing is home to a growing share of the nation’s increasingly diverse households, but even with the strong rebound in multifamily construction, tight rental markets make it difficult for low- and moderate-income renters to find housing they can afford. As a result, the number of cost-burdened renters set another record last year. Addressing the challenge of affordability in a time of rising overall demand will require greater efforts from both the public and private sectors to expand the range of rental housing options.