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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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In Memoriam Bernard “Burnie” Dolberg 1928-2017

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Bernard “Burnie” Dolberg passed away on Nov. 16, 2017. He was the longtime owner of The Fireplace Place in Fairfield, New Jersey. Dolberg was a proud WWII veteran. He was a pioneer and fixture in the Hearth Industry for over 35 years....

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Builder Confidence Edges Up

Friday, November 17, 2017

Builder confidence in the market for newly-built, single-family homes rose two points to a level of 70 in November on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), the highest score since March, and the second...

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Why Only 11% of Us Are Moving

Friday, November 17, 2017

Businesses that thrive when American households, in droves, pack up their belongings and move them to another residence are mystified. Why, since the economy has been growing, wealth and household equity have been restored, and the Internet has continued...

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