U.S. Residential Housing - Statistics & Facts | Statista

U.S. Residential Housing - Statistics & Facts | Statista

Statistics and facts on residential housing in the U.S.

Housing markets in the United States are beginning to show strong signs of recovery as home builder confidence continues to rise. Home builders are beginning to feel much more optimistic about the prospects of home sales as the accelerated rate of construction confirms.

The recovery of the market after the economic crash of 2008 was initially slow and painful. The period of dismay and the difficulties experienced by the sector was the result of the United States housing bubble. This economic bubble affected the U.S. housing market in over half of American states, but the housing market has picked up again in recent years. In 2015, the Case-Shiller home price index, which reflect inflation adjusted prices, showed the steady increase in house prices which began in 2012.

The rental market in the United States is very important, because roughly one third of the population lived in rented properties in 2016. However, rental rates are climbing at a much faster rate than wages, especially the minimum wage. A 2016 study found that a worker earning minimum wage couldn't afford a one-bedroom rental unit in any U.S. state.

Photo: istockphoto.com / malerapaso; sxc.hu / brokenarts

Show more   

Embed Top Facts

Recommended statistics about “Residential housing in the U.S.”
Recommended Studies
  • The complete topic in one convenient package
  • Instant access and download
  • Great time-saver
You may also be interested in...