Consumer Unit Characteristics: Percent Homeowner by Quintiles of Income Before Taxes: Third 20 Percent (41st to 60th Percentile)
CXUHOMEOWNLB0104M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.00
Year-over-Year Change
-4.62%
Date Range
1/1/1990 - 1/1/2023
Summary
This economic trend measures the percentage of U.S. consumer units that own their homes, broken down by the third income quintile (41st to 60th percentile). It provides insights into homeownership patterns across the middle-income population.
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: Percent Homeowner by Quintiles of Income Before Taxes: Third 20 Percent' data series tracks homeownership rates for the middle-income segment of the U.S. population. This metric is useful for analyzing housing market dynamics and evaluating the financial well-being of middle-class households.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and housing market analysts use this trend to understand homeownership affordability and accessibility for middle-income Americans.
Key Facts
- Homeownership rate for middle-income consumers is around 80%.
- Homeownership has declined for this income group since the 2008 financial crisis.
- Middle-income homeowners spend about 30% of their income on housing costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of U.S. consumer units (households) in the middle-income quintile (41st to 60th percentile) that own their homes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into homeownership patterns and affordability for the middle-class, which is crucial for understanding housing market dynamics and the financial well-being of the middle-income population.
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: Policymakers and housing market analysts use this trend to evaluate homeownership affordability and accessibility for middle-income Americans, which informs policy decisions related to housing, taxation, and economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately two months.
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Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Percent Homeowner by Quintiles of Income Before Taxes: Third 20 Percent (CXUHOMEOWNLB0104M), retrieved from FRED.