Tuesday, April 16, 2013

U.S. Census Bureau Releases U.S. Housing Market Briefs

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We are pleased to announce the release of two briefs that incorporate American Community Survey (ACS) housing estimates:  Rental Housing Market Condition Measures: A Comparison of U.S. Metropolitan Areas from 2009 to 2011 andPhysical Characteristics of Housing: 2011. These briefs provide a snapshot of aspects of the U.S. housing market from 2009 to 2011.

Rental Housing Market Condition Measures:  A Comparison of U.S. Metropolitan Areas from 2009 to 2011 examines four characteristics of the rental housing stock using data collected during the ACS in 2009 and 2011. The characteristics cover gross rent, gross rent as a percentage of household income, rental vacancy rates, and renter share of total households and describe significant changes comparing 2009 with 2011.

Policymakers use gross rent as a percentage of income as a measure of housing affordability, and it is often used to determine eligibility for federal housing programs. For this report, a renting household is “burdened” if the household is required to spend 35 percent or more of its income on housing costs.
According to ACS estimates, the share of burdened renters in the U.S. rose from 43.8 percent in 2010 to 44.3 percent in 2011.  
Watch this video to find renter burden estimates by Metropolitan Areas similar to those included in the Rental Housing Market Condition Measures brief using the Census Bureau's American FactFinder.

Based on ACS data collected from 2009 to 2011, the Physical Characteristics of Housing: 2011 brief presents statistics on basic physical and structural characteristics of the total housing inventory at the national level and for metro areas. The report examines types of housing structures, newer and older houses, and the size of the houses measured by the number of rooms.

Only 6.0 percent of all housing units in the U.S. were newer houses (2005 or later), while older houses (before 1950) accounted for 19.3 percent of the total housing inventory.
To access these and additional housing statistics available, please visit the Census Bureau's American FactFinder.
For more information about the ACS, please visit the ACS Website.
The ACS provides reliable statistics that are indispensable to anyone who has to make informed decisions about the future. These statistics are required by all levels of government to manage or evaluate a wide range of programs, but are also useful for research, education, journalism, business and advocacy. If you have questions about this survey, please call our Customer Services Center on 1 (800) 923-8282.

Thank you,
American Community Survey Office
U.S. Census Bureau

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