In a startling revelation by the U.S. Department of Housing and Urban Development (HUD), homelessness in the United States has surged to new heights in 2024, with an estimated 1.4 million individuals experiencing homelessness over the course of the year. This represents a significant 15% increase compared to the previous year. Among the factors contributing to this alarming trend are rising housing costs, economic disparities, and an influx of asylum seekers who are facing a dire lack of affordable housing. HUD data reveals that the overall homelessness rate in major metropolitan areas has risen drastically. ‘This is a multifaceted crisis,’ said HUD Secretary Marcia Fudge, highlighting the complex nature of the homelessness epidemic, where many families are now struggling to find stable housing amidst soaring rents and stagnant wages. Experts suggest that the increase in homelessness is particularly pronounced among minority communities, which have been disproportionately affected. Another contributing factor to this surge is the price of rent, which has escalated by 12% across the country over the last year. In response, cities are scrambling for solutions, with various local governments announcing initiatives aimed at increasing the availability of affordable housing. However, these efforts face significant challenges. ‘We need urgent action and systemic change to address this crisis,’ Fudge added. As communities grapple with these issues, advocacy groups continue to call for more comprehensive federal support and immediate resources to assist those in dire need. The situation has been further exacerbated by heightened economic strains and the impact of the COVID-19 pandemic, which left many vulnerable and without adequate safety nets. This year, more than 300,000 individuals were estimated to be living outside or in emergency shelters, raising serious concerns about public health and safety in urban areas.
US Homelessness Hits Record Levels in 2024 Amid Affordability Crisis
