Of all the ways the pandemic has messed with the order of daily life, one of the more consequential is the jolt it sent through the housing market. Within months of the pandemic setting in, many young people ditched city apartments to move back in with their parents, metropolitan homebuyers snatched up single-family homes in the suburbs, and evictions and foreclosures threatened to push millions of families into deep economic holes that could take years to climb out of.

Some of these impacts were the involuntary reactions of a shocked economy, but others have been years in the making, according to a new report on the state of housing in 2021. Published today by the Harvard University Joint Center for Housing Studies, the annual State of the Nation’s Housing report offers a wide-ranging and data-rich look at just how wild the housing market has gotten, and where it’s likely to go.

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