Dearth of affordable rentals cause for concern, housing experts say

The Housing Wire reports:

If a more renter-centric economy is the solution to America's housing woes, policymakers and developers will have to tackle two issues first — falling incomes and rising rents, housing experts say.

So far, the meteoric rise in multifamily permitting and construction is mostly geared toward the middle and higher-end markets, not affordable housing units in lower-income neighborhoods, where more supply is needed.