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Record number of Americans are homeless amid nationwide surge in rent, report finds

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A growing number of Americans are ending up homeless as soaring rents in recent years squeeze their budgets.

According to a Jan. 25 report from Harvard’s Joint Center for Housing Studies, roughly 653,000 people reported experiencing homelessness in January of 2023, up roughly 12% from the same time a year prior and 48% from 2015. That marks the largest single-year increase in the country’s unhoused population on record, Harvard researchers said. 

Homelessness, long a problem in states such as California and Washington, has also increased in historically more affordable parts of the U.S.. Arizona, Ohio, Tennessee and Texas have seen the largest growths in their unsheltered populations due to rising local housing costs. 

That alarming jump in people struggling to keep a roof over their head came amid blistering inflation in 2021 and 2022 and as surging rental prices across the U.S. outpaced worker wage gains. Although a range of factors can cause homelessness, high rents and the expiration of pandemic relief last year contributed to the spike in housing insecurity, the researchers found. 

“In the first years of the pandemic, renter protections, income supports and housing assistance helped stave off a considerable rise in homelessness. However, many of these protections ended in 2022, at a time when rents were rising rapidly and increasing numbers of migrants were prohibited from working. As a result, the number of people experiencing homelessness jumped by nearly 71,000 in just one year,” according to the report.

Rent in the U.S. has steadily climbed since 2001. In analyzing Census and real estate data, the Harvard researchers found that half of all U.S. households across income levels spent between 30% and 50% of their monthly pay on housing in 2022, defining them as “cost-burdened.” Some 12 million tenants were severely cost-burdened that year, meaning they spent more than half their monthly pay on rent and utilities, up 14% from pre-pandemic levels.


Homelessness a major issue in New Hampshire heading into primary

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People earning between $45,000 and $74,999 per year took the biggest hit from rising rents — on average, 41% of their paycheck went toward rent and utilities, the Joint Center for Housing Studies said.

Tenants should generally allocate no more than 30% of their income toward rent, according to the U.S. Department of Housing and Urban Development.

Although the rental market is showing signs of cooling, the median rent in the U.S. was $1,964 in December 2023, up 23% from before the pandemic, according to online housing marketplace Rent. By comparison, inflation-adjusted weekly earnings for the median worker rose 1.7% between 2019 and 2023, government data shows.

“Rapidly rising rents, combined with wage losses in the early stages of the pandemic, have underscored the inadequacy of the existing housing safety net, especially in times of crisis,” the Harvard report stated.



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U.S., Europe investigating devices detonated at air DHL cargo hubs in U.K. and Germany

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Nov 4: CBS News 24/7, 1pm ET


Nov 4: CBS News 24/7, 1pm ET

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U.S. and European law enforcement agencies are working together to investigate whether incendiary devices detonated in July at DHL logistics hubs in Germany and the U.K. were part of a larger operation directed by Russian Intelligence services (in particular, the GRU — Russian military intelligence), the highest level of the Russian government or by outside individuals acting in the interests of Russia, a source familiar with the matter said.

Officials are working to determine whether the larger operation was to place similar devices on aircraft servicing the U.S. and U.S. allies. The Wall Street Journal first reported the alleged plot targeting U.S. aircraft.

The 2025 Homeland Threat Assessment published at the end of October said the U.S. continues to be concerned about threats to the aviation and air cargo systems, including the “potential use of the air cargo supply chain to ship concealed dangerous and potentially deadly items.”

DHL said in a statement that it was aware “of two recent incidents involving shipments in our network. We are fully cooperating with the relevant authorities to protect our people, our network and our customers’ shipments.”

“We continually adjust our security posture as appropriate and promptly share any and all relevant information with our industry partners, to include requirements and recommendations that help them reduce risk,” the Transportation Security Administration said in a statement.

“Over the past several months, as part of a multi-layered security approach, TSA worked with industry partners to put additional security measures for U.S. aircraft operators and foreign air carriers regarding certain cargo shipments bound for the United States, in line with the 2021 TSA Air Cargo Security Roadmap,” the TSA’s statement continued. 

The FBI declined to comment.

contributed to this report.



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Boeing machinists vote to accept labor contract, ending 7-week strike

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Boeing’s 33,000 unionized machinists on Wednesday voted to approve the plane manufacturer’s latest contract offer, ending a seven-week strike that had halted production of most of the company’s passenger planes.

The union said 59% voted to accept the contract. Members have the option of returning to work as soon as Wednesday, but must be back at work by Tuesday, November 12, the union said in a statement.

Union leaders had strongly urged members to ratify the latest proposal, which would boost wages by 38% over the four-year life of the contract, up from a proposed increase of 35% that members of the International Association of Machinists and Aerospace Workers (IAM) had rejected last month.

The revised deal also provides a $12,000 cash bonus to hourly workers and increased contributions to retirement savings plans. The enhanced offer doesn’t address a key sticking point in the contentious talks — restoration of pensions — but Boeing would raise its contributions to employee 401K plans.

Average annual pay for machinists, now $75,608, would climb to $119,309 in four years under the current offer, Boeing said. 

The vote came after IAM members in September and October rejected lesser offers by the Seattle-based aerospace giant.

“In every negotiation and strike, there is a point where we have extracted everything we can in bargaining and by withholding our labor,” the International Association of Machinists and Aerospace Workers stated last week in backing Boeing’s revised offer. “We are at that point now and risk a regressive or lesser offer in the future.” 

Acting U.S. Labor Secretary Julie Su has played an active role in the negotiations, after recently helping to end a days-long walkout that briefly closed East and Gulf Coast ports. 


Pension plan a sticking point for Boeing machinists on strike

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The Boeing strike that began on Sept. 13 marked the latest setback for the manufacturing giant, which has been the focus of multiple federal probes after a door plug blew off a 737 Max plane during an Alaska Airlines flight in January. The incident revived concerns about the safety of the aircraft after two crashed within five months in 2018 and 2019, killing 346 people. 

Boeing in July agreed to plead guilty to conspiracy to commit fraud for deceiving regulators who approved the 737 Max. 

During the strike, Boeing was unable to produce any new 737 aircraft, which are made at the company’s assembly plants in the Seattle area. One major Boeing jet, the 787 Dreamliner, is manufactured at a nonunion factory in South Carolina. 

The company last month reported a third-quarter loss of $6.1 billion.  

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Trump makes final campaign sprint in North Carolina, Pennsylvania and Michigan; Election anxiety on the rise amid high tensions

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