Homeownership Rate Continues to Drop, But Housing Affordability Improves Substantially

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Housing Insights

Homeownership Rate Continues to Drop, But Housing Affordability Improves Substantially

By most measures, 2012 was a year of recovery in the housing market. However, according to our most recent edition of Housing Insights, which analyzes recently published data from the Census Bureau’s American Community Survey (ACS), the homeownership rate declined for the fifth consecutive year in 2012 despite across-the-board improvement in housing affordability. Read Housing Insights to learn what declining homeownership rates reveal about the demand shift from owning to renting that emerged following the housing crisis and Great Recession.

Homeownership Rate Continues to Drop, But Housing Affordability Improves Substantially (PDF)

 

Previous Housing Insights

Housing Insights formerly called Data Notes

Is the Development and Design of Multifamily Rental Housing In Line with Recent Trends?

Fannie Mae Housing Insight: October 2013

Projected Slowdown in Labor Force Growth Suggests Weaker Future Housing Activity

Fannie Mae Housing Insight: August 2013

Immigrant Homeowners Hit Hard During the Housing Collapse, but Experience Varies by Country of Birth

Fannie Mae Housing Insight: July 2013

Manufactured Homes: A Shrinking Source of Low-Cost Housing

Fannie Mae Housing Insight: June2013

When the Housing Market Returns to "Normal," How Much Will Residential Construction Employment Rebound?

Fannie Mae Housing Insight: May 2013

Rental Resurgence Marked by Single-Family Expansion and Diverging Affordability Trends for Owners and Renters

Fannie Mae Housing Insight: Nov 2012

Stuck in the Great Recession's Income Slump: Sluggish Job Earnings Impede an Economic Expansion

Fannie Mae Housing Insight: Sept 2012

Housing the Nation’s Burgeoning Older Elderly Population

Fannie Mae Housing Insight: June 2012

Housing Cost Burdens

Fannie Mae Data Note: May 2012

Single-Family Rental Housing – The Fastest Growing Component of the Rental Market

Fannie Mae Data Note: Mar 2012

Inaugural Fannie Mae Data Note Examines Falling Homeownership Rates

Fannie Mae Data Note: Oct 2011