Tag Archive for ‘income’

Households Age 55+: Worth $62 Trillion

Households age 55 or older earn about half of all household income in the U.S., but hold over two-thirds of the residential equity and other household wealth, according to the most recent (2016) Survey of Consumer Finances (SCF). The SCF is conducted every three years by the Federal Reserve and serves as one of the few federal sources of information… 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 ›

Income Growth Key for Housing

Income growth is a key factor that promotes household formation, generating rental and home buying demand. A significant amount of pent-up housing demand exists, but for it to be unlocked additional gains in wages and other income sources must be realized. Household income typically follows a life-cycle pattern of growing with age, as skills and seniority grow, followed by later declines… Read More ›

Top Metro Areas – Median Income and Home Value

In a recent study, NAHB examines eight key housing statistics from the 2012 American Community Survey (ACS). This post takes a closer look at two of those statistics; the median household income and median value of owner-occupied housing units. The key to housing affordability is that the market meets the needs of the people who provide services we depend on… Read More ›

Income Growth Remains a Challenge for Housing

  One factor holding back a more robust recovery in housing is the decline in incomes for key prospective renting and home buying age groups. While job creation has been positive, if lackluster, sluggish growth or declines in incomes for those seeking to rent their first apartment or purchase their first home holds back housing demand. A significant amount of… Read More ›

Top 2011 Posts: The Geography of Rent-Burdened Households

With the end of 2011 approaching, the contributors who work on NAHB’s Eye on Housing thought it would be useful to take a look at the updates that attracted the most readers over the last year. In October, we used Census data to examine the geography of “rent-burdened” households. The analysis indicated that  25% of renters were paying more than 50% of their income in… Read More ›