Home —— Communities —— Builders —— Industry News —— Resources —— Financing/Insurance —— Profiles —— Contact Us

Size and Face of Homeownership, Changed and Changing

Homeownership has seen the greatest decline among the age groups which usually generate the most activity in both the first-time and move-up markets. Between 2004 and 2013 homeownership among 25 to 34 year olds slipped by nearly 8 points and 9 points for the next older group, 35 to 44 year olds. Older groups have not been immune. The Current Population Survey found that rates for all age groups between 25 and 54 are at their lowest point in the 39 years records have been kept. Homeownership among those over age 75 however is near the record high.   more...

nhj logo

Home —— Communities —— Builders —— Industry News —— Resources —— Financing/Insurance —— Profiles —— Contact Us

Part 4 of the recent edition of the Harvard Joint Center on Housing Studies' report on the State of the Nation's Housing looks at the declining rate of homeownership in the U.S. which has now fallen for the seventh straight year. The rate edged down 0.3 percentage points in the 2012-13 time period to 65.1 percent while the number of homeowner households also fell for the seventh straight year, declining by 76,000. However these were the smallest declines since 2008 so the Center suggests that the bottom may be in sight.
by Jann Swanson