Market Research
Chart of the Week
June 3, 2026
Chart of the Week highlights economic data and commentary from our Insights & Intelligence and Investment teams on the market trends of the day.
This week’s chart revisits the worsening U.S. housing affordability crisis, driven by rising home prices, higher mortgage rates and a persistent supply-demand imbalance. While rents have tracked wage growth, homeownership costs have surged, pushing more households toward renting. The core issue is both a shortage of housing and a mismatch in supply, with too few smaller, entry-level homes. The chart below underscores a key demographic shift toward smaller and older households, widening the gap between demand and existing housing stock. Addressing this imbalance will require increased development, renovation and zoning reform, though near-term supply constraints will likely persist. Learn more in our latest paper on affordable housing.
Comparison of households in 1980 vs. 2020
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