Tag Archive for ‘demographics’

Millennials and the American Dream

A recent survey of younger Americans illustrates that the goal of homeownership remains an important part of the American Dream. The economic future of Millennials is key to the future of housing demand. A record number of individuals aged 18 to 34 years are delaying household formation as a consequence of the Great Recession. In a recent post, we referred to… Read More ›

The Decline in Geographic Mobility

Geographic mobility, the movement of people within the United States, declined steadily over the past three decades. Between 1984 and 1985, 20.2% or one out of every five Americans over the age of 1 year moved. In the most recent period, between 2012 and 2013, the mover rate was only 11.7%. The mover rate is a measure of geographic mobility… Read More ›

Uneven Aging

One in every eight Americans is now over the age of 65. The senior population (65 and older), is estimated by the Census to be 40.3 million in 2010, increased 15.1% from 2000. By 2030, the Department of Health and Human Services forecasts that there will be 72.1 million seniors representing 19.3% of the total population. The aging of the… Read More ›

Homeownership Rate Inched Lower During the First Quarter

The homeownership rate declined slightly during the first quarter of 2013, falling to a seasonally adjusted reading of 65.2%. This marks the lowest reading since the end of 1995 and a 4.2 percentage point drop versus the peak observed in mid-2004. While the homeownership rate is somewhat lower than its 20-year historical average, the rate has not fallen as low… Read More ›

Homeownership Rate Holds Steady in Fourth Quarter

The seasonally adjusted homeownership rate remained unchanged at 65.3% during the final three months of 2012. For the year as a whole, the homeownership rate averaged approximately 65.5%–the weakest calendar year average since 1996. Homeownership rates declined across all age groups compared to the fourth quarter of 2011; however, the largest year-over-year decline occurred among households headed by a person… Read More ›

Homeownership Rate Slips during the Third Quarter

The Census Bureau reported the seasonally adjusted homeownership rate fell to 65.3% during the third quarter of 2012. In terms of rates across age groups (which are not seasonally adjusted), only those households headed by persons 65 and over registered an increase in the homeownership rate versus the third quarter of 2011. The under 35 and 55-64 householder cohorts saw… Read More ›

Homeownership Rate Holds Steady during Second Quarter

The Census Bureau reported the seasonally adjusted homeownership rate remained unchanged at 65.6 percent during the second quarter of 2012, hovering at a 15-year low for the 2nd consecutive quarter. The performance across household head age groups was mixed as the under 35 and 55-64 cohorts saw homeownership rates decline compared to the first quarter of 2012. By contrast, homeownership… Read More ›

Pent-Up Housing Demand: Number of “Shared Households” Grew from 2007 to 2010

Earlier this month, the Census Bureau published  a report examining “household sharing,” which is the situation in which people join or combine households. While the report does not examine the causes of household sharing, it is widely accepted that the housing crisis and the economic impacts of the Great Recession have led many individuals to share housing in order to… Read More ›

Homeownership Rate Drops to Lowest Point in 15 Years

After hovering around 66 percent in each of the last three quarters, the Census Bureau reported the seasonally adjusted homeownership rate fell to 65.5 percent during the first quarter of 2012. With this latest decline, the homeownership rate has slipped nearly 4 percentage points from its peak during the mid-2000s and its current level marks the lowest reading since 1997…. Read More ›