Tag Archive for ‘homeownership rate’

Homeownership Rate Stable

According to the Census Bureau’s Housing Vacancy Survey (HVS), the U.S. homeownership rate was 63.6% in the first quarter 2017, which is statistically no different from its last quarter reading of 63.7%. The rate of homeownership appears to be stabilizing after reaching a cycle low of 62.9% in the second quarter of 2016. Compared to the peak at the end… Read More ›

Homeownership Rate Bottoming Out?

According to the Census Bureau’s Housing Vacancy Survey (HVS), the U.S. homeownership rate was 63.5% on a seasonally adjusted basis in the fourth quarter of 2016, a small increase from the third quarter of 63.4%. This is the second consecutive increase, following a 50-year low of 63.1% in the second quarter of 2016. Homeownership rates increase with age, rising from… Read More ›

Vacancy and Homeownership Rates by State – 2014

According to the Census Bureau’s annual estimates from the Housing Vacancy Survey (HVS), the national homeowner vacancy rate is at its lowest point since 2005 and the rental vacancy rate is at its lowest point since 1995. The relatively tight housing and rental markets are occurring concurrently with falling homeownership rates. The homeownership has fallen for 10 straight years. The… Read More ›

Rental Vacancy Rate at 20 Year Low

The rental market continues to be heat up with the national rental vacancy rate dropping to a 20 year low. At the same time, the homeownership rate continues to fall and is now at a low point not seen since the third quarter of 1994. The current first-time buyers share is 29% and remains well below the historical average of… Read More ›

Homeownership Rate Nears 20 Year Low

The seasonally adjusted homeownership rate, according to Census Bureau’s quarterly survey, was 64.3% in the third quarter of 2014, down from the prior quarter and the reading from one year ago. The homeownership rate remains below the historical 20-year average of 66.9% and has not been this low since the fourth quarter of 1994 when the homeownership rate was 64.1%…. Read More ›

Homeownership Rate Continues to Decline

The seasonally adjusted national homeownership rate fell to 64.8% during the second quarter of 2014. This marks a drop of 4.6 percentage points since the peak rate of 69.4% during the second quarter of 2004, according to the Census Bureau’s quarterly survey. The homeownership rate declined by 0.3 percentage points year-over-year. The current rate is also below the 20-year historical… 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 ›

Immigrants Can Have Substantial Impact on Housing Demand

A new research paper from NAHB Economics investigates how immigrants affect US housing demand.  The study analyzes recent data from the American Community Survey (ACS) that has detailed information on the country of origin, age, family status and housing choices of newly arrived immigrants. The data show that new immigrants are a young and diverse group of people. More than… 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 ›

What Will Unlocked Pent-Up Housing Demand Look Like?

NAHB has estimated that as a result of current economic conditions, there are approximately 2.1 million households that were expected to form in the last few years but did not. These “potential” households typically represent people doubling and tripling up on roommates and young adults living with parents. Unlocking this pent-up demand, a process that will be facilitated by an… Read More ›