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Homeownership by Region, 2016

Monday, May 1, 2017

Nationally, the rate of homeownership fell to 63.4% in 2016, according to the Census Bureau's Housing Vacancies and Homeownership survey. To find a lower national rate, you have to go all the way back to 1965. But trends vary by region.

Northeast Homeownership Rate

2016: 60.2% (lowest rate since 1976)
2015: 60.9%
2005: 65.2% (peak year)

Midwest Homeownership Rate

2016: 68.4% (slightly higher than in 2015)
2015: 68.3% (lowest rate since 1989)
2004: 73.8% (peak year)

South Homeownership Rate

2016: 65.0% (lowest rate since 1965)
2015: 65.1%
2004: 70.9% (peak year)

West Homeownership Rate

2016: 58.5% (lowest rate since 1987)
2015: 58.7%
2006: 64.7% (peak year)

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The Most Popular Interior Design Styles in Each State

Tuesday, August 15, 2017

When you think of what's hot in interior design right now, do your dad's wingback chairs and grandma's ornate chandeliers come to mind? Well, maybe they should. A new study by Joybird, a custom furniture company, revealed that Victorian is the interior...

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The Long Home Market Shift

Monday, August 14, 2017

Over the past several decades, a significant change in the distribution of new, single-family home size occurred as builders constructed larger, more expensive homes. This evolution is notable because the housing market segment with the tightest inventory...

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Housing Starts Poised to Surge

Monday, August 14, 2017

Two reports out Tuesday from a pair of research outfits indicate that housing starts may be poised for a big jump. The first, from Fredonia Focus Reports in Cleveland, predicts that starts will steadily climb to an annual pace of 1.6 million by 2021....

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Woodard Names 2017 Top Sales Award Winners

Friday, August 11, 2017

Woodard, known for their quality craftsmanship in iron, aluminum, and all-season wicker outdoor furniture and accessories, saluted its top Salesman of the Year and Sales Achievement Award recipients for 2017 at the company’s recent Sales Recognition...

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