Since the mid-2000s, the construction industry in the United States has faced a significant shortage of skilled labor. During the Great Recession, the industry lost nearly 1…
With home prices and rents hovering near record highs, and for-sale inventories and vacancies stuck near record lows, there is a significant housing shortfall. Most experts…
Note: Other single-family housing includes attached units and manufactured housing. Source: Tabulations of the 2000-2013 American Community Survey.
According to the Census…
Every spring, the Census Bureau publishes estimates of the population as of the prior July 1st at the sub-county level (i.e., individual municipalities, incorporated places,…
According to the Census Bureau, the national homeownership rate dropped again in the second quarter of this year, to 63.4 percent. This level represents a nearly 50 year low…
The homeownership rate for young adults ages 25 to 34, which rose from 45 percent in the mid-1990s to a high of 50 percent in 2004, fell to 40 percent as of last year,…
The Census Bureau recently released its 2014 Q4 Housing Vacancy Survey(HVS) data, giving us a complete look at the boom and bust in homeownership rates over the last 20 years…
In conversations about the declining homeownership rate in the U.S., some commentators have pointed to declines in the share of married people as an important contributing…
In a previous post, I described recent research about drivers of decisions to own homes, with emphasis on the role of behavioral factors. That research confirmed that there…
What drives someone’s decision about whether to own or rent their home? Economists tend to focus on financial factors such as user costs and return on investment.…
