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Home > Affordable Housing, Analysis and Commentary, Economy, Manufactured Housing Industry, News, research, Trends > Zillow Research Reveals Impact of Rising Rents on Homelessness, Affordable Housing Advocates, Public Officials, and Investors Take Note

Zillow Research Reveals Impact of Rising Rents on Homelessness, Affordable Housing Advocates, Public Officials, and Investors Take Note

December 21st, 2018

 

ZillowResearchRevealsImpactRisingRentsHomelessnessAffordableHousingadvocatesPublicOfficialsInvestorsTakeNoteMHProNews

In a press release to the Daily Business News on MHProNews, Zillow has timed the results of their own study on homelessness in the U.S.A. near the date that the U.S. Department of Housing and Urban Development (HUD) annual report to Congress occurred.

 

The Zillow findings are eye opening. The real estate website powerhouse asserts, among other points, that HUD has long underestimated the actual count of homelessness in the U.S. by some 20 percent.

 

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Communities where people spend more than 32 percent of their income on rent can expect a more rapid increase in homelessness, according to new Zillow-sponsored research on the size and root causes of the nation’s homelessness challenge. The research also estimates that the scale of homelessness nationwide has been undercounted by roughly 115,000 people, or 20 percent,” per Zillow’s study.

EffectRisingRentsonHomelessnessZillowResearchDailyBusinessNewsMHProNews

The video posted below gives a snapshot into the report.

 

 

MHProNews will plan a more in-depth review of the Zillow findings, perhaps after Christmas. Because once more, the facts from Zillow and HUD alike point to several vexing issues that should cause minds and hearts to stir into action.

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If HUD is correct, and you can see our report from HUD in the related reports linked below the byline and notices, over 550,000 Americans are homeless in the U.S.

New HUD Report Reveals Tragedy of Homelessness, When Solution for Affordable Housing is Hiding in Plain Sight

 

But if Zillow is correct, that number stands at some 660,000 souls.

As Christmas approaches, and tens of millions celebrate of the birth two thousand years ago of the child Jesus in a stable, it seems that public policy has failed hundreds of thousands of our fellow citizens.

The video and research are troubling, but also point to opportunities to turn their plight into a promise for a better future that our industry should be front and center in by making homelessness here history.

That’s “News through the lens of Manufactured Homes, and Factory Built Housing,” © where “We Provide, You Decide.” © ## (News , analysis, and commentary.)

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