Tag Archive for ‘household formation’

Married Couple Homeownership

NAHB analysis of the Current Population Survey’s (CPS) 2020 Annual Social and Economic Supplement (ASEC) estimates the national homeownership rate at 66.4%. This analysis provides a further breakdown of this rate through the lens of married couple homeownership, which we estimate at 79% for 2020. In addition to the overall married couple homeownership rate, two subcategories’ homeownership rates are estimated,… Read More ›

Young Adult House Sharing is on the Rise

New NAHB research shows that sharing housing with roommates, housemates and other non-relatives is rising in popularity among young adults. While only 4% percent of young adults ages 25 to 34 shared housing in 1990, that segment increased to 7.5% in 2016. This is in addition to increasing numbers of young adults that now choose to live with their parents… Read More ›

Young Adult Households That Did Not Form

New NAHB Economics research shows that two million households headed by 25 – 34 year olds are missing from the current housing market but could have been active players if the headship rates remained at the 2000 levels. Instead, a rising number of young adults choose to stay with their parents or parents-in-law. As of 2014, more than 20 percent… Read More ›

Gen-X Homeownership Increases, Household Formations Rise

According to the Census Bureau’s Housing Vacancy Survey (HVS), the nation’s homeownership rate in the last quarter of 2015 was 63.8%. However, the homeownership rate was still down by 20 basis points on a nonseasonally adjusted basis from the last quarter of 2014 to the last quarter of 2015. Compared to the peak at the end of 2004, the homeownership… 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 ›