Half of renters in the U.S. have found themselves paying more than they can afford, following years of surging rents. But an increase in construction has boosted the supply of apartments, which is slowly beginning to rein in runaway rents.
Half of renters in the U.S. have found themselves paying more than they can afford, following years of surging rents. But an increase in construction has boosted the supply of apartments, which is slowly beginning to rein in runaway rents.
Housing costs have continued to soar in the US following the COVID-19 pandemic, and the wages in the US have not been able to keep up with those costs.