Consumer Unit Characteristics: Number of Consumer Units by Housing Tenure: Homeowner without Mortgage
CXUCONSUNITLB1704M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,801.00
Year-over-Year Change
21.72%
Date Range
1/1/2003 - 1/1/2023
Summary
This economic trend measures the number of homeowner consumer units without a mortgage in the United States. It provides important insights into housing and financial conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Consumer Unit Characteristics: Number of Consumer Units by Housing Tenure: Homeowner without Mortgage' series tracks the total number of U.S. consumer units that own their homes outright, without an outstanding mortgage. This metric offers valuable perspectives on household balance sheets and the overall state of the housing market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is closely watched by economists, policymakers, and financial analysts to assess housing affordability and consumer financial health.
Key Facts
- The number of mortgage-free homeowner consumer units was 49.5 million in 2021.
- Homeowners without a mortgage account for over 35% of all U.S. consumer units.
- The share of mortgage-free homeowners has increased steadily since the 2008 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of U.S. consumer units that own their homes outright, without an outstanding mortgage.
Q: Why is this trend relevant for users or analysts?
A: This metric offers valuable insights into household balance sheets, housing affordability, and the overall state of the housing market.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This trend is closely watched by economists, policymakers, and financial analysts to assess housing affordability and consumer financial health.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a typical 3-month lag.
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Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Number of Consumer Units by Housing Tenure: Homeowner without Mortgage (CXUCONSUNITLB1704M), retrieved from FRED.