April 3, 2017
Press Briefing on Household Debt
Federal Reserve Bank of New York
In April, the New York Fed hosted an economic briefing on household borrowing, student debt trends and home ownership.
Renting affords a high degree of mobility. With changes in attitudes towards home ownership coupled with high barriers to entry for new buyers, more people of all demographics are renting today. In fact, over 75% of the growth in renters from 2010-2018 was driven by higher income households. The Harvard Joint Center for Housing Studies’ recent report, “America’s Rental Housing 2020” takes a look at...
In April, the New York Fed hosted an economic briefing on household borrowing, student debt trends and home ownership.
Despite a rebounding economy and recent job growth, the largest generation of Americans are still living at home with their parents at historically high rates, a trend driven by a variety of factors.
The State of the Nation’s Housing report covers, among other things, the state of the rental and homeownership markets, key economic and demographic trends driving housing demand, and ongoing housing affordability issues.