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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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For-Sale Inventory Shrinks at Fastest Pace in Four Years

Thursday, June 22, 2017

The number of for-sale homes hitting the market is dropping at its fastest pace in almost four years, according to the May Zillow Real Estate Market Reports. The typical home stayed on the market for just 77 days, the fewest days on Zillow ever reported....

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First Wood Stove Certified to EPA’s Cordwood Standard

Friday, June 16, 2017

A brand new entry into the wood stove wars of North America is the first wood stove to be certified by the Environmental Protection Agency (EPA) to its 2020 New Source Performance Standards (NSPS) emissions standard tested with cordwood. The Kiwi VcV...

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