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The U.S. Census Bureau's American Housing Survey (AHS) collects data on when owner-occupiers moved into their homes [1]. Out of 86 million owner-occupied homes
by kubb 1y ago
The U.S. Census Bureau's American Housing Survey (AHS) collects data on when owner-occupiers moved into their homes [1].
Out of 86 million owner-occupied homes, almost 80% (68.3 million) were moved into before 2019, before the affordability crisis. The number of owner-occupied houses that were moved into between 2022-2023 has declined by half from 2020-2021. Meanwhile, rentals raised by 50% in the same time frame.
This is evidence to the claim that house ownership is getting less affordable, and it's more solid than just looking at ownership percentage, because it shows a trend. However, even the ownership percentage number looks really poor in comparison with U.S.' greatest rivals, China, who have a 96% home ownership rate.
[1] https://www.census.gov/programs-surveys/ahs/data/interactive/ahstablecreator.html https://www.census.gov/programs-surveys/ahs/data/interactive...