Tag Archive for ‘homeownership’

Consumer Credit Rises in November

Data released by the Federal Reserve Board indicates that consumer credit outstanding rose at a seasonally adjusted annual rate of 4.8% in November. The amount of consumer credit outstanding now totals $3.1 trillion. The November expansion of consumer credit outstanding mostly reflects a 6.4% increase in non-revolving debt. Non-revolving debt outstanding, which is largely composed of student loan and auto… Read More ›

Homeownership Rate Unchanged

The homeownership rate remained unchanged at a seasonally adjusted reading of 65.1% during the third quarter of 2013 according to Census data. The reading is below its 20-year historical average of 66.9% and 4.3 percentage points below the peak reading of 69.4% in the second quarter of 2004. However, the flat reading follows three consecutive quarters of decline. Homeownership increased over… Read More ›

Homeownership Down Slightly

The homeownership rate declined slightly during the second quarter of 2013, falling to a seasonally adjusted reading of 65.1% according to Census data. This marks a 4.3 percentage point decline versus the peak from mid-2004. While the homeownership rate is somewhat lower than its 20-year historical average of 66.9%, the rate has not fallen as low as some analysts anticipated, due in part… 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 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 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 ›

Homeownership Rates Across All Metro Areas

For timely information on homeownership rates, the standard reference is the Census Bureau’s Housing Vacancy Survey (HVS), which releases information for the U.S. on a quarterly basis.  On an annual basis, the HVS also provides homeownership rates for the 75 largest metropolitan areas.  This information can be quite useful, but smaller areas may have particularly high homeownership rates or otherwise… Read More ›

Property Tax Receipts Stabilize in the Third Quarter of 2011

Property taxes are an important source of revenue for state and local governments to pay for government services, particularly education. When factoring in revisions, Census data of state and local government tax collections for the third quarter of 2011 indicate a small increase from the previous quarter to $467 billion on an annualized basis. Nonetheless, total property tax collections from the fourth quarter of 2010 through the third quarter of 2011 were… Read More ›

Homeownership Rate Continues to Slide, Particularly among Younger Households

According to the US Census Bureau, the seasonally adjusted homeownership rate declined to 66% during the second quarter of 2011. This is the lowest reading for homeownership since the first quarter of 1998. Overall, the homeownership rate is down 3.4 percentage points since the peak was observed back in mid-2004. While homeownership rates have trended lower for all age groups,… Read More ›