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Factoids

Factoids offer brief snapshots of current topics pertinent to the Furniture industry based on our on-going research. Increase your grasp of current trends, consumer attitudes, and shifts within the industry through solid statistics and concise insight.

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Factoids

Housing Shifts from Owners to Renters: Householders by Age 2009 to 2014

 

 

 

 

This is the first in a series of three factoids detailing a rise of renters in the Housing Industry over the past five years. Since 2009, renting has increased among householders of all ages, marital status, and income level. 

In the five year period 2009 to 2014 every age group saw an increase in the number of households renting versus owning. In addition, age groups under 55 years all experienced double-digit decreases in the number of homes owned.

Overall households in total grew 3.2 percent; however, owner-occupied units fell 1.3 percent while apartment and home rentals grew 11.4 percent. For homeownership, the largest segment continues to be the 65 and over age group, while the Under 35 group is the largest rental group.

Source: U.S. Census Bureau, American Community Survey (ACS)

 



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FastFact: Number of Renters Climbhttp://furniturecore.com/HFBusiness/HFBNow/ArticleID/13651/fastfact-number-of-renters-climb.aspx
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