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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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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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