Homeownership is declining in the United States, so what does the new homeowner of the post-recession era look like?
As the country has emerged from the Great Recession and the Millennial generation has come of age in a new kind of housing crisis, homeownership has declined and the whole idea of homeownership has taken on a new character.
Jenny Schuetz details the contemporary "face" of homeownership in the United States—i.e., "the demographic and economic characteristics of prospective homeowners."
Schuetz calls on household-level data from the most recent American Housing Survey (AHS 2015), using new homeowners as a proxy to compare to renters and long-time homeowners, as well as new homeowners in 2001 and 2015.
Click through to the article to see data on new homeowners as broken down by age, household size, race, wealth, education, and more, as well as the characteristics of the building stock new homeowners move into in 2015. Schuetz also packages all of the findings of this analysis in three policy implications that planners will want to note.
FULL STORY: Who is the new face of American homeownership?
Tiny Homes and Big Opportunities in Detroit
A new tiny homes community offers vulnerable residents a chance to homeownership.
What Will the Future of Homeownership Look Like?
Homeownership rates declined precipitously in the United States up until 2016. While that trend has reversed in more recent years, it's still hard to tell what the future of homeownership will be.
Homeownership in Reach for More Renters
According to the Urban Institute's Housing Affordability for Renters Index, the number of renters who can afford to buy a home in their metropolitan area is generally increasing when compared to the housing bubble of the mid-2000s.
Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.
Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.
LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Central Transportation Planning Staff/Boston Region MPO
Heyer Gruel & Associates PA
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions