More American renters believe homeownership is financially out of reach, according to a new survey that shines fresh light on the growing housing affordability crisis.

Only 24% of renters said it was “extremely likely” that they would ever own a home, 11 percentage points lower than four years ago, according to the survey set to be released Thursday by mortgage finance giant Freddie Mac . Of the renters surveyed, 82% said renting was more affordable than buying, 15 percentage points higher than February of 2018.

Meanwhile, rising rents also are creating hardships. Of the renters who moved in the last two years, 44% said they did so because they could no longer afford their rent, according to the survey.

“The notion that there’s a housing affordability crisis is not new,” said Freddie Mac’s incoming chief executive David Brickman. “But this is really bringing it closer to home in terms of what people are doing about it.”

The crisis has been escalating during the latest economic recovery, in part because new supply hasn’t kept up with demand. Home prices and rents have been rising faster than the rate of inflation and wage increases.