The Silent Housing Crisis | Page 26

C ha r t B Real Median Household Income by Race and Hispanic Origin: 1967 to 2013 80,000 70,000 2013 Dollars $67,065 Asian 60,000 $58,270 50,000 White, not Hispanic $51,939 40,000 All Races Hispanic (any race) $40,963 30,000 20,000 $34,598 Black 10,000 0 Recession 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2013 Note: Median household income data are not available prior to 1967. Source: U.S. Census Bureau, Current Population Survey, 1968 to 2014 Annual Social and Economic Supplements. Cha r t C Generating a Surge in Renter Household Growth C ha rt D Average Annual Growth in Renter Households (Millions) 1.4 Most New Housing Demand will be Rental 1.2 Annual Household Growth (Millions) 1.0 1.6 0.8 1.4 0.6 Renters 1.2 0.4 0.2 28% 1.0 0.8 0.0 1960s 1970s 1980s 1990s 2000s Decennial Census Owners 2010s HVS CPS Note: Renter growth in 2013 in the HVS was calculated by averaging the number of renters in the first and second quarters of the year and subtracting the average number of renters in the first and second quarters of 2012. Source: JCHS tabulations of US Census Bureau, Decennial Censuses, Current Population Surveys (CPS), and Housing Vacancy Surveys (HVS 0.6 0.4 45% 56% 38% 44% 72% 55% 0.2 0.0 62% 1990s 2000s Source: Urban Institute 2010s 2020s