Today, the Center for Housing Policy released Housing Landscape 2011: An Annual Look at the Housing Affordability.... The report finds that the number of working households spending more than half of their income on housing (i.e., with a severe housing cost burden) rose to 10.5 million in 2009, representing a one-year increase of roughly 600,000 households. Approximately 22.8 percent of all working households had a severe housing cost burden in 2009.
The report also concludes that the level of severe housing cost burden increased in 25 states and in 16 of the 50 metropolitan areas analyzed. Housing affordability eroded most dramatically in the South and Midwest. Full data for states and metro areas are available in the appendices.
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