Copyright America's Community Bankers Mar 2002Homeownership levels are directly linked to age, according to Census 2000-Housing Characteristics: 2000.
Between 1990 and 2000, housing inventory in the United States increased by 13.6 million units (or 13.3 percent) to a total of 115.9 million units, with the most growth in the South (17.5 percent) and the West (16.7 percent), the Census Bureau said. The Midwest and the Northeast each saw more modest housing increases, of 10.1 percent and 6.6 percent, respectively.
The Census also found that:
Empty nesters and married couples without children under age 18 were more likely to own their homes (84.8 percent) than married couples with children (76.9 percent).
More women (15.5 million) than men (11.8 million) lived alone. Among these, women were more likely than men to own their homes (56.0 percent vs. 47.0 percent).
Single-parent men (2.2 million), however, were more likely than single-parent women (7.6 million) to own their homes. (55.4 percent vs. 49.6 percent).
Of the 6.5 million individuals who lived with people not related by birth, marriage or adoption, 39.5 percent owned their homes. Source: U.S. Census Bureau, October 2001. Source: U.S. Census Bureau, October 2001.
| Homeownership Rates by Age of Householder: 2000 |
My Research
