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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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Steady Gains in Remodeling Activity Moving into 2018

Thursday, July 20, 2017

Healthy and stable growth in home improvement and repair spending is anticipated for the remainder of the year and into the first half of 2018, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program...

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The Where, When, and How of Millennial Home Buyers

Thursday, July 20, 2017

The oldest members of the Millennial generation are entering their mid-30s, and ideally also achieving financial stability. However, student debt is at historic highs, and a Millennial’s median earnings are 20% lower than their Baby Boomer parents.’...

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2017 Apollo Award Finalists Named

Thursday, July 6, 2017

The International Casual Furnishings Association has announced the finalists for the 2017 Apollo Awards. The program recognizes retail excellence in the sales and marketing of outdoor furnishings....

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