Tag Archive for ‘homeownership’

Homeownership Rate Approaches 64%

According to the Census Bureau’s Housing Vacancy Survey (HVS), the U.S. homeownership rate is at 63.9% in the third quarter 2017, which is statistically unchanged from its last quarter reading of 63.7%. The rate of homeownership is on an upward trend after dropping to a cycle low of 62.9% in the second quarter 2016. Compared to the peak of 69.2%… Read More ›

Homeownership Rate Bottomed Out?

According to the Census Bureau’s Housing Vacancy Survey (HVS), the U.S. homeownership rate was 63.7% in the second quarter 2017, which is statistically no different from its last quarter reading of 63.6%. The rate of homeownership appears to be stabilizing after reaching a cycle low of 62.9% in the second quarter 2016. It was 1.3% higher than a year ago… Read More ›

Homeownership: A County-Level Analysis

Homeownership is a key housing and economic measure of social conditions. Due to the housing downturn, the national homeownership rate declined precipitously, and has failed to recover to its historical norm. In fact, the homeownership rate reached a 50 year low in the second quarter of 2016 and has only edged up slightly since then, rising to 63.5% at the… Read More ›

Property Tax Revenue Grows Over Four Percent

NAHB analysis of the Census Bureau’s quarterly tax data shows that $524 billion in taxes were paid by property owners over the four quarters ending in Q1 2016. This represents a $22 billion—or 4.4%—increase over the previous trailing four quarters, the largest percentage increase since 2009. Property taxes accounted for 39.3% of state and local tax receipts, the largest share… Read More ›

Homeownership Falls, Household Formations Rise

According to the Census Bureau’s Housing Vacancy Survey (HVS), the nation’s homeownership rate in the second quarter of 2015 fell to a post-1967 low point of 63.4%. The homeownership rate decreased by 130 basis points on a nonseasonally adjusted basis from the second quarter of 2014 to the second quarter of 2015. Compared to the peak at the end of… Read More ›

A Cross-Country Comparison of Homeownership Rates

In the United States, the majority of households own their home. NAHB analysis of international data indicates that the same is true across the European Union (EU). The vast majority of European households own their home as well. However, the incidence of homeownership across the EU is typically greater than the homeownership rate in the United States. The rate of… Read More ›

Federal Reserve Report on Household Economic Well-Being

According to a Federal Reserve analysis, U.S. households surveyed during October 2014 reported only modest improvements with respect to economic well-being but felt increasingly optimistic about the future. The Survey of Household Economics and Decisionmaking (SHED), first conducted in 2013, complements the triennial Survey of Consumer Finances, the Federal Reserve’s key report on household wealth. Among the housing-focused findings of the report: 74%… Read More ›

Homeownership Rate Falls Below 64%

First quarter data from the Census Bureau indicate that the nation’s homeownership rate fell to 63.7% for the first quarter of 2015. Data from the Current Population Survey / Housing Vacancy Survey reveal that the homeownership rate declined by 1.1 percentage points on a nonseasonally adjusted basis from the first quarter of 2014 to the first quarter of 2015. From… Read More ›

Recent Homeownership Developments in the U.K.

Declines in homeownership rates are not just a concern in the U.S. In fact, homeownership declines in the U.K. have been relatively larger for younger households than the impacts experienced here. In the U.S., the homeownership rate for 25 to 34 year olds fell from 42.2% at the end of 2003 to 35.8% at the end of 2014, according to data from… Read More ›