1  -2and rents are up significantly across the nation, while vacancy rates for rented and owneroccupied homes are down.
Let’s start with rents, because rents give us the most direct information on how affordable housing services are.2 Early in the pandemic, rent growth slowed as demand dropped to live in dense areas where rental housing tends to be concentrated while some people, especially young adults, moved in with family and friends. However, more recently rents have accelerated sharply.