The Partnership for Stronger Communities (PSC), a Connecticut affordable housing policy and advocacy nonprofit, recently released a report providing a snapshot of the state’s housing market and analyzing how it affects low- and middle-income families. The report, titled “Housing in CT 2014: The Latest Measures of Affordability,” highlights a number of Connecticut-specific trends, including the following:
- the share of households that rent increased from 30% in 2007 to 34% in 2013;
- the “housing wage,” what one must earn to afford a typical two-bedroom apartment, fell slightly from $23.22 per hour in 2012 to $23.02 per hour in 2013, but remained the 8th highest nationally;
- multifamily housing production returned to levels seen just before the 2008 housing market crash, but single-family production remained stagnant (see PSC’s table, below); and
- overall homelessness declined between 2012 and 2013 by 4%, but the number of adult-only households experiencing chronic homelessness declined even more, by 10% (see PSC’s table, below).