Consumer Unit Characteristics: Percent Homeowner by Quintiles of Income Before Taxes: Highest 20 Percent (81st to 100th Percentile)
CXUHOMEOWNLB0106M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.00
Year-over-Year Change
-1.14%
Date Range
1/1/1990 - 1/1/2023
Summary
This economic trend measures the percentage of homeowners among households in the highest income quintile, those with incomes in the 81st to 100th percentile.
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 Percent Homeowner by Quintiles of Income Before Taxes trend provides insight into homeownership patterns across different income levels in the United States. It is a valuable indicator for analyzing housing market dynamics and consumer behavior.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is widely used by economists, policymakers, and real estate analysts to understand housing affordability and homeownership trends.
Key Facts
- The highest income quintile has the highest homeownership rate.
- Homeownership tends to increase with higher household incomes.
- The data is reported on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of homeowners among households in the highest income quintile, those with incomes in the 81st to 100th percentile.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into housing affordability and homeownership patterns across different income levels, which is crucial for understanding consumer behavior and informing housing market policies.
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 widely used by economists, policymakers, and real estate analysts to understand housing affordability and homeownership trends, which can inform policies related to housing, taxation, and consumer finance.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but there may be some delays in publication.
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Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Percent Homeowner by Quintiles of Income Before Taxes: Highest 20 Percent (81st to 100th Percentile) (CXUHOMEOWNLB0106M), retrieved from FRED.