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Homeownership Rate by Age, 2016

Monday, May 1, 2017

The nation's homeownership rate fell to 63.4% in 2016, according to the Census Bureau's Housing Vacancies and Homeownership Survey. This was down from the peak of 69.0% in 2004 – a 5.6 percentage point decline. Among householders ranging in age from 30 to 44, the decline was in the double digits, including a 12 percentage-point drop among householders aged 30 to 34 as the age of first-time home buying continues to advance.

Homeownership Rate in 2016
(and percentage-point decline since 2004 peak)

Total households: 63.4% (-5.6)
Under 25: 21.9% (-3.3)
25 to 29: 30.9% (-9.3)
30 to 34: 45.4% (-12.0)
35 to 39: 55.3% (-10.9)
40 to 44: 62.0% (-10.0)
45 to 54: 69.3% (-7.9)
55 to 64: 75.0% (-6.7)
65-plus: 78.8% (-2.3)

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Lignetics Acquires New England Wood Pellet

Monday, April 16, 2018

In February, Lignetics, Inc. announced the acquisition of New England Wood Pellet LLC, which includes manufacturing plants in Jaffrey, New Hampshire; Schuyler, New York; Deposit, New York; and Youngsville, Pennsylvania, giving Lignetics a strong...

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March Retail Sales Increased 5% Over Last Year

Monday, April 16, 2018

March retail sales increased 0.3% seasonally adjusted over February, and 5% year-over-year as the economy continued to grow, the National Retail Federation (NRF) said today. The numbers exclude automobiles, gasoline stations, and restaurants....

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Outdoors Is the New Indoors

Wednesday, April 11, 2018

According to new research, consumers use their Outdoor Rooms for pretty much everything they can do indoors – from using cellphones for calls and games to working on computers, watching TV, eating, exercising and, of course, relaxing....

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