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Data on Housing Vacancy and Housing Cost from the Census Bureau. Dr. Arthur R Cresce Assistant Division Chief for Housing Characteristics Housing and Household Economic Statistics Division. Sources of Data on Housing Vacancy and Housing Costs. - PowerPoint PPT Presentation
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Data on Housing Vacancy and Housing Cost from the Census
Bureau
Dr. Arthur R CresceAssistant Division Chief for Housing
CharacteristicsHousing and Household Economic
Statistics Division
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Sources of Data on Housing Vacancy and Housing Costs
• Current Population Survey/Housing Vacancy Survey (CPS/HVS)
– Official source of housing vacancy data and homeownership data
– No housing cost data
– National, regional and large metro level
– Available quarterly (with annual average report)
• American Community Survey (ACS)
– Occupancy status (occupied/vacant)
– Homeownership data
– Housing cost data
– Geographic coverage: down to tract level (5-year)
– Available annually
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Sources of Data on Housing Vacancy and Housing Costs (Cont.)
• American Housing Survey (AHS)
– Most detailed source of housing data, especially housing costs and homeownership data
– Vacancy rates controlled to CPS/HVS rates
– National and regional level
– Available every two years
• 2010 Census
– Occupancy status (occupied/vacant)
– Homeownership data
– No housing cost data
– Geographic coverage: down to block level
– Available every 10 years
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Sources of Data on Housing Vacancy and Housing Costs (Cont.)
• Survey of Income and Program Participation
– Homeownership data
– Housing cost data (mainly data on mortgages)
– Geographic coverage: national level
– Not primarily a housing survey, but very interesting source to trace change in housing tenure and mortgage status
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Important Housing Measures Reflecting Economic Conditions
• Vacancy rates (homeowner and rental)• Homeownership rates• Value of property• Selected monthly owner costs*
– Median selected monthly owner costs– Percent selected monthly owner costs of monthly
household income (housing burden)
* Sum of payment for mortgages, real estate taxes, various insurances, utilities, fuels, mobile home costs, and condominium fees.
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1968 1971 1974 1977 1980 1983 1986 1989 1992 1995 1998
2001 2004 2007 Note: The data points are placed at the beginning of the respective time periods.
Source for Recession Data: National Bureau of Economic Research, Inc., 1050 Massachusetts Ave., Cambridge, MA.
Source for Rental and Homeowner Vacancy Rates: Current Population Survey/Housing Vacancy Survey, U.S. Census Bureau, Washington, DC 20233.
Recession
Percent
Annual Rental and Homeowner Vacancy Rates for the United States:
1968–2008
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Quarterly Homeownership Rates and Seasonally Adjusted
Homeownership Rates for the United States: 1997–2008
Homeownership Rate
Seasonally Adjusted Homeownership Rate
Recession Percent
1Q1997 1Q1998 1Q1999 1Q2000 1Q2001 1Q2002 1Q2003 1Q2004 1Q2005 1Q2006 1Q2007 1Q2008
Source for Recession data: National Bureau of Economic Research, Inc., 1050 Massachusetts Ave., Cambridge, MA. Source for Homeownership Rates: Current Population Survey/Housing Vacancy Survey, U.S. Census Bureau, Washington, DC 20233.
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Change in Median House value, 2006-2007, ACS data
Percent Change from 2006 to 2007under 0.000.00 to 4.004.01 to 8.008.01 or more
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Median Monthly Owner Costs for Selected States: 2006 and 2007 ACS
(Medians in 2007 dollars)
State 2007 ACS 2006 ACS
Arizona 1464* 1396*
California 2314* 2203*
Florida 1577* 1462*
Nevada 1779* 1664*
* Differences are statistically significant.
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Median Monthly Owner Costs for Selected States: 2007 and 2008 ACS
(Medians in 2008 dollars)
State 2008 ACS 2007 ACS
Arizona 1527 1512
California 2384 2395
Florida 1603* 1638*
Nevada 1818 1852
* Difference is statistically significant.
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For More Information:
• American Community Survey –
http://www.census.gov/acs/www/
• Housing Data –
http://www.census.gov/hhes/www/housing.html
• My contact information:
email: [email protected]
phone: 301-763-3188