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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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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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