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.

Graph and download economic data for Households; Owners' Equity in Real Estate as a Percentage of Household Real Estate, Level (HOEREPHRE) from Q4 1945 to Q1 2025 about equity, real estate, percent, households, and USA.

Table NameReal Estate and Rental and Leasing: Geographic Area Series: Summary Statistics for the U.S., States, Metro Areas, Counties, and Places: 2012ReleaseScheduleThe data in this file are scheduled for release on a flow basis starting in February 2015 and ending in November 2015.Key TableInformationThese data supersede preliminary data released in the Industry Series files for Real Estate and Rental and Leasing (53) from the 2012 Economic Census. See Methodology. for additional information on data limitations.UniverseThe universe of this file is all establishments of firms with payroll in business at any time during 2012 and classified in Real Estate and Rental and Leasing (Sector 53).GeographyCoverageThe data are shown at the United States, State, Combined Statistical Area, Metropolitan and Micropolitan Statistical Area, Metropolitan Division, Consolidated City, County (and equivalent), and Economic Place (and equivalent; incorporated and unincorporated) levels. New for 2012: The Economic Place criteria has changed from 5,000 population or jobs for the 2007 Economic Census to 2,500 population or jobs for 2012. Also, data for Non-Metro Areas is now published using Geographic Component Codes. See New for 2012 for more information about these changes. IndustryCoverageThe data shown vary by geography for 2- through 7-digit 2012 NAICS codes.Data ItemsandOtherIdentifyingRecordsThis file contains data on:. Establishments. Revenue. Annual payroll. First-quarter payroll. Paid employees. Percent of revenue from administrative records. Percent of revenue estimatedFTP DownloadDownload the entire table athttps://www2.census.gov/econ2012/EC/sector53/EC1253A1.zip. .ContactInformation. U.S. Census Bureau, Economy Wide Statistics Division. Data User Outreach and Education Staff . Washington, DC 20233-6900. Tel: (800) 242-2184 . Tel: (301) 763-5154. ewd.outreach@census.gov. . .For information on economic census geographies, including changes for 2012, see the economic census Help Center..These data are final; they supersede data released in earlier data files. Includes only establishments of firms with payroll. See Table Notes for more information. Data based on the 2012 Economic Census. For information on confidentiality protection, sampling error, nonsampling error, and definitions, see Methodology..Symbols:D - Withheld to avoid disclosing data for individual companies; data are included in higher level totalsN - Not available or not comparableFor a complete list of all economic programs symbols, see the Symbols Glossary.Source: U.S. Census Bureau, 2012 Economic Census.Note: The data in this file are based on the 2012 Economic Census. To maintain confidentiality, the U.S. Census Bureau suppresses data to protect the identity of any business or individual. The census results in this file contain nonsampling error. Data users who create their own estimates using data from this file should cite the U.S. Census Bureau as the source of the original data only. For the full technical documentation, see Methodology link in above headnote.

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.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting *** U.S. dollars per square foot in 2022. In 2024, the average sales price of a new home exceeded ******* U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly ** percent year-on-year, and in 2022, the increase was even higher, at close to ** percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under ***** percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

The construction of multifamily homes in the U.S. is expected to fall sharply in 2024 and 2025. This would come after a period of significant growth between 2019 and 2023, when it peaked at 144.68 billion U.S. dollars. New residential construction in the United States decreased in 2023.

California was the state with the highest resident population in the United States in 2024, with 39.43 million people. Wyoming had the lowest population with about 590,000 residents. Living the American Dream Ever since the opening of the West in the United States, California has represented the American Dream for both Americans and immigrants to the U.S. The warm weather, appeal of Hollywood and Silicon Valley, as well as cities that stick in the imagination such as San Francisco and Los Angeles, help to encourage people to move to California. Californian demographics California is an extremely diverse state, as no one ethnicity is in the majority. Additionally, it has the highest percentage of foreign-born residents in the United States. By 2040, the population of California is expected to increase by almost 10 million residents, which goes to show that its appeal, both in reality and the imagination, is going nowhere fast.

In 2020, Hong Kong had the most expensive residential property market worldwide, with an average property price of 1.25 million U.S. dollars. The government of Hong Kong provide public housing for lower-income residents and almost 45 percent of the Hong Kong population lived in public permanent housing in 2018.