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Data on Housing Vacancy and Housing Cost from the Census Bureau

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.

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Data on Housing Vacancy and Housing Cost from the Census Bureau

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  1. 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

  2. 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

  3. 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

  4. 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

  5. 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.

  6. Annual Rental and Homeowner Vacancy Rates for the United States: 1968–2008 Percent Recession 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.

  7. Quarterly Homeownership Rates and Seasonally Adjusted Homeownership Rates for the United States: 1997–2008 Homeownership Rate Seasonally Adjusted HomeownershipRate Percent Recession 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.

  8. Change in Median House value, 2006-2007, ACS data

  9. Median Monthly Owner Costs for Selected States: 2006 and 2007 ACS(Medians in 2007 dollars) * Differences are statistically significant.

  10. Median Monthly Owner Costs for Selected States: 2007 and 2008 ACS(Medians in 2008 dollars) * Difference is statistically significant.

  11. 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: arthur.r.cresce.jr@census.gov • phone: 301-763-3188

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