The 2011 annual homeownership rates from the Census Bureau's Housing Vacancy Survey are now available. Here are the numbers by age, along with the percentage point decline in the rate since 2004--the year the overall homeownership rate peaked.
Total: 66.1% (-2.9)
Under 25: 22.6% (-2.6)
25 to 29: 34.6% (-5.6)
30 to 34: 49.8% (-7.6)
35 to 39: 59.8% (-6.4)
40 to 44: 66.9% (-5.1)
45 to 54: 72.7% (-4.5)
55 to 64: 78.5% (-3.2)
65 or older: 80.9% (-0.1)
Two things to note:
1. The annual homeownership rate of householders aged 30 to 34 fell below the 50 percent threshold for the first time in the data series extending back to 1982.
2. These homeownership rates are likely too high. The 2010 census recorded a lower overall homeownership rate than the 2010 Housing Vacancy Survey.
3 comments:
Yikes, sure is a huge decline in home ownership looking at those numbers. Is there a more recent one, say for 2013? Thanks!
-Jon
Homeownership rates have been updated through the 4th quarter of 2012. See:
http://demomemo.blogspot.com/2013/01/first-time-homebuyer-watch-4th-quarter.html
Homeownership rates have been updated through the 4th quarter of 2012. See:
http://demomemo.blogspot.com/2013/01/first-time-homebuyer-watch-4th-quarter.html
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