Tuesday, January 31, 2012

Trends in Homeownership: 2011

The 4th quarter results are in and, not surprisingly, the trend in homeownership is down. Here are the numbers for the four quarters of 2011...

1st quarter: 66.4
2nd quarter: 65.9
3rd quarter: 66.3
4th quarter: 66.0

The all-time quarterly peak in the homeownership rate was 69.2 in the 4th quarter of 2004.

As commented on extensively in Calculated Risk, homeownership rates from this survey are disturbingly different--much higher--than the homeownership rate recorded by the 2010 census. The Housing Vacancy Survey estimated an overall homeownership rate in 2010 of 66.8 percent, well above the 65.1 percent rate found by the 2010 census. The Census Bureau is investigating the reasons for the discrepancy and will be issuing a report.

Source: Bureau of the Census, Housing Vacancy Survey

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