Tag Archive for ‘homeownership’

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 ›

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 ›

Immigrant Homeownership

Immigrants can have a large impact on housing demand. Research from NAHB in 2012 demonstrated that using the low end Census projections on net immigration (1.2 million annually), after 10 years new immigrants would occupy 2 million multifamily units and 1.2 million single-family homes. In addition, the Research Institute for Housing America projects that from 2010 to 2020, immigrants will account… Read More ›

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 ›