The Center for Housing Policy recently released its Housing Landscape 2012 report indicating an increase in the housing cost burden for the country’s working households, both owners and renters. The report, which used American Community Survey data, defined “working households” as those that worked at least an average of 20 hours per week and had a household income of no more than 120% of the median area income.
The report found the percentage of working households that spent more than half their income on housing costs (including utilities) rose from 21.8% in 2008 to 23.6% in 2010. Connecticut was one of five states (also California, Nevada, Hawaii, and Rhode Island) whose percentage of working households with a severe housing cost burden remained steady, but at 25% or more, exceeded the national average.
CT Mirror has more information.
