Renters Face Affordability Issues

A Harvard study on housing affordability is finding more and more people are having trouble paying the rent.

Harvard's Joint Center for Housing Studies finds 43-million families and individuals across the country live in rental housing, an increase of almost nine-million households in the last ten years.

Renter incomes have been stagnant with last year being another record-setting year in the number of renters paying over 30-percent of their income in housing costs. Minimum wage earners are having the toughest time, with about 80 percent living in housing that's not affordable.

Even though multifamily housing construction has accelerated at its fastest pace in nearly 30 years, it hasn't been enough to meet increasing demand. (Metro Network Inc.)