Consumer Unit Characteristics: Percent Homeowner by Region: Residence in the Northeast Census Region
CXUHOMEOWNLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.00
Year-over-Year Change
-3.13%
Date Range
1/1/1990 - 1/1/2023
Summary
This trend measures the percentage of consumer units that own their homes in the Northeast census region of the United States. It provides insights into regional housing market conditions and homeownership patterns.
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 survey tracks various demographic and economic attributes of U.S. consumer units, including homeownership status. The Northeast region homeownership rate is a key indicator of housing affordability and demand in this area.
Methodology
The data is collected through the Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and market analysts use this trend to assess regional housing market dynamics and their implications for consumer spending and economic activity.
Key Facts
- The Northeast region accounts for about 18% of the U.S. population.
- Homeownership rates in the Northeast have generally been lower than the national average.
- Regional housing affordability is a key driver of homeownership patterns in the Northeast.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of consumer units (households) that own their homes in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: The Northeast homeownership rate provides insights into regional housing market conditions and affordability, which can have implications for consumer spending and broader economic activity in the region.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess regional housing market dynamics and their potential impact on the economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay in reflecting the most recent market conditions.
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Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Percent Homeowner by Region: Residence in the Northeast Census Region (CXUHOMEOWNLB1102M), retrieved from FRED.