RB Chimney & Hearth

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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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How Young Adults Live: 1967 and 2017

Friday, January 19, 2018

The living arrangements of 25-to-34-year-olds have changed dramatically over the past 50 years, according to Census Bureau statistics. In 1967, more than 80% of 25-to-34-year-olds lived with a spouse. In 2017, no single living arrangement accounts for...

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Remodeling Market to March Higher in 2018

Friday, January 19, 2018

The coming year is expected to be another robust one for residential renovations and repairs with growth accelerating as the year progresses, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program...

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Toll Brothers and the Rise of “Affordable Luxury”

Wednesday, January 17, 2018

At the end of my recent conversation about the luxury condo market with David Von Spreckelsen, who founded Toll Brothers City Living (TBCL) nearly 15 years ago, he pitched me the company’s newest development, 91 Leonard, in New York City’s...

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