The number of new homes sold increased in 2024, but remained below the levels observed during the 2020-2021 housing boom. Conventional loans are the most popular financing option, accounting for 513,000 of the 686,000 home purchases in 2024. Despite comprising a small share of sales, cash purchases have risen notably over the past five years. This can be explained by the dramatic increase in mortgage interest rates, which makes cash purchases more attractive for those who can afford them. Development of house prices The U.S. housing market is suffering a supply shortage, which has contributed to a substantial increase in house prices. Over the past five years, construction costs risen notably, pushing the price of newly built homes up. Meanwhile, income growth has failed to keep up, resulting in a worsening housing affordability. According to the house price to income index, home prices outgrew income by nearly 32 percent between 2015 and 2024. Is the U.S. housing stock growing? There were approximately 187 million housing units in the U.S. in 2024, indicating an increase of one percent over the previous year. Apart from new-single family housing, the number of newly built multifamily units has also risen notably. Multifamily allows construction in denser urban areas with overheated housing markets, earning it increasing popularity among investors.

Graph and download economic data for Homeownership Rate in the United States (RHORUSQ156N) from Q1 1965 to Q1 2025 about homeownership, housing, rate, and USA.

Home Ownership Rate in the United States decreased to 65.10 percent in the first quarter of 2025 from 65.70 percent in the fourth quarter of 2024. This dataset provides the latest reported value for - United States Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

House Price Index YoY in the United States decreased to 3 percent in April from 3.90 percent in March of 2025. This dataset includes a chart with historical data for the United States FHFA House Price Index YoY.

Graph and download economic data for Consumer Unit Characteristics: Percent Homeowner without Mortgage by Housing Tenure: Homeowner with Mortgage (CXU980240LB1703M) from 2003 to 2009 about consumer unit, homeownership, mortgage, percent, housing, and USA.

Graph and download economic data for Consumer Unit Characteristics: Percent Men Reference Persons by Housing Tenure: Home Owner (CXU980210LB1702M) from 1984 to 2023 about consumer unit, homeownership, males, percent, personal, housing, and USA.

Key information about House Prices Growth

• US house prices grew 5.2% YoY in Dec 2024, following an increase of 5.4% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1992 to Dec 2024, with an average growth rate of 5.4%.
• House price data reached an all-time high of 17.7% in Sep 2021 and a record low of -12.4% in Dec 2008.

Home Ownership Rate in Germany decreased to 47.20 percent in 2024 from 47.60 percent in 2023. This dataset provides the latest reported value for - Germany Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Home Ownership Rate in Japan decreased to 61.20 percent in 2018 from 61.70 percent in 2013. This dataset provides the latest reported value for - Japan Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The homeownership rate was the highest among Americans in their early 70s and the lowest among people in their early 20s in 2023. In that year, approximately ** percent of individuals aged 70 to 75 resided in a residence they owned, compared to approximately **** percent among individuals under the age of 25. On average, **** percent of Americans lived in an owner-occupied home. The homeownership rate was the highest in 2004 but has since declined.

According to a survey conducted among over 15,000 respondents in the U.S., between 36 and 55 percent of home buyers who were actively looking to buy a home in the next 12 months were not able to find one at a price they could afford as of the second quarter of 2023. Approximately ** percent of millennials struggled to find a home at an acceptable price, while for Baby Boomers, this percentage was higher at ** percent. According to the source, the main reason for the decline across all generations except for baby boomers was that respondents reported other reasons, such as getting outbid by other buyers or the inability to find a home in the desired neighborhood. In the second quarter of 2023, roughly ** percent of U.S. adults were planning a home purchase in the next year.

The average house price in England started to increase in the first half of 2024, after falling by over three percent year-on-year in December 2023. In June 2024, the house price index amounted to 149.7 index points, suggesting an increase in house prices of 2.4 percent since the same month in 2023 and a roughly 50 percent rise since 2015 - the baseline year for the index. Among the different regions in the UK, West and East Midlands experienced the strongest growth.

In the presented European countries, the homeownership rate extended from 42 percent in Switzerland to as much as 96 percent in Albania. Countries with more mature rental markets, such as France, Germany, the UK and Switzerland, tended to have a lower homeownership rate compared to the frontier countries, such as Lithuania or Slovakia. The share of house owners among the population of all 27 European countries has remained relatively stable over the past few years. Average cost of housing Countries with lower homeownership rates tend to have higher house prices. In 2023, the average transaction price for a house was notably higher in Western and Northern Europe than in Eastern and Southern Europe. In Austria - one of the most expensive European countries to buy a new dwelling in - the average price was three times higher than in Greece. Looking at house price growth, however, the most expensive markets recorded slower house price growth compared to the mid-priced markets. Housing supply With population numbers rising across Europe, the need for affordable housing continues. In 2023, European countries completed between one and six housing units per 1,000 citizens, with Ireland, Poland, and Denmark responsible heading the ranking. One of the major challenges for supplying the market with more affordable homes is the rising construction costs. In 2021 and 2022, housing construction costs escalated dramatically due to soaring inflation, which has had a significant effect on new supply.

Graph and download economic data for Homeownership Rate for the United States (USHOWN) from 1984 to 2024 about homeownership, housing, rate, and USA.

Home Ownership Rate in Portugal decreased to 73.40 percent in 2024 from 76 percent in 2023. This dataset provides the latest reported value for - Portugal Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Home Ownership Rate in Denmark increased to 60.90 percent in 2024 from 60 percent in 2023. This dataset provides the latest reported value for - Denmark Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This dataset contains information about the percent of income households spend on housingin cities in San Mateo County. This data is for owner occupied housing with or without a mortgage. This data was extracted from the United States Census Bureau's American Community Survey 2014 5 year estimates.

This dataset tracks annual two or more races student percentage from 2013 to 2023 for House High School vs. New Mexico and House School District

This dataset tracks annual black student percentage from 2004 to 2023 for Data House vs. Florida and St. Lucie School District

This dataset tracks annual white student percentage from 2005 to 2023 for House Junior High School vs. New Mexico and House School District