Photo of Soren Godbersen “An adequate supply of workforce housing not only helps lower-income renters, but also has a broader positive social impact.,” writes Godbersen.

NEW YORK CITY—America’s cities and suburbs are in the midst of a gradually worsening workforce housing crisis. Urban and suburban populations continue to rise, while wages have essentially stagnated for moderate and middle-income households over the past two decades. With homeownership rates dropping to the lowest figures since the 1960s and many upper-middle-class professionals preferring to rent in urban cores and transit-rich suburbs, rents continue to rise in markets across the country.