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Title: Homeowner Households and the U.S. Homeownership Rate: Tenure Projections for 2015-2035
Citation Type: Miscellaneous
Publication Year: 2016
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Abstract: This paper presents the Joint Center for Housing Studies tenure projections for 2015-2035, which build on the projections in Updated Household Projections, 2015-2035: Methodology and Results by McCue and Herbert (2016). In previous projection cycles, JCHS has included tenure projections as an extension of the household estimates, using current homeownership rates by age and race/ethnicity to approximate the growth in homeowner and renter households that is implied by growth in the number of U.S. households. In response to the homeownership rates continued declineand the discussion it has generatedthis paper provides a more detailed consideration of the homeownership projections, including three scenarios that describe a range of possible homeownership outcomes for 2015-2035. Following this introduction, the initial section of the paper presents a brief review of the factors that have influenced the homeownership rates trajectory. The second section then provides an overview of the methods used to project future homeownership outcomes, discussing the accuracy and limitations of projections based on demographic data. The third section presents JCHSs homeownership projections for 2015-2035, defining the three projection scenarios and discussing the results. The fourth section concludes with a brief summary.
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Authors: Spader, Jonathan; McCue, Daniel; Herbert, Christopher
Publisher: Harvard Joint Center for Housing Studies
Data Collections: IPUMS CPS
Topics: Housing and Segregation, Methodology and Data Collection
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