Consumer Unit Characteristics: Percent Homeowner by Quintiles of Income Before Taxes: Fourth 20 Percent (61st to 80th Percentile)
CXUHOMEOWNLB0105M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.00
Year-over-Year Change
-5.06%
Date Range
1/1/1990 - 1/1/2023
Summary
This economic trend measures the percentage of homeowners within the fourth income quintile, or the 61st to 80th percentile of U.S. households by pre-tax income. Understanding homeownership rates across income groups is valuable for policymakers and housing market analysts.
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 data tracks various demographic and financial attributes of U.S. consumer units, which are equivalent to households. This specific series looks at the homeownership rate for the fourth income quintile, providing insights into housing and wealth distribution.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Homeownership rates are an important indicator for housing and economic policy discussions.
Key Facts
- The fourth income quintile represents households earning between the 61st and 80th percentiles of pre-tax income.
- Homeownership rates tend to increase with higher household incomes.
- Tracking homeownership by income group provides insights into housing affordability and wealth distribution.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of homeowners within the fourth income quintile, representing households in the 61st to 80th percentile of pre-tax income in the United States.
Q: Why is this trend relevant for users or analysts?
A: Homeownership rates across income groups are an important indicator for housing and economic policy, as they provide insights into housing affordability and wealth distribution.
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 understand homeownership patterns and inform discussions around housing affordability and related economic policies.
Q: Are there update delays or limitations?
A: The Consumer Expenditure Survey data, including this homeownership series, is published with a lag of several months.
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Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Percent Homeowner by Quintiles of Income Before Taxes: Fourth 20 Percent (61st to 80th Percentile) (CXUHOMEOWNLB0105M), retrieved from FRED.