Homeownership Rate for Delaware
DEHOWN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.10
Year-over-Year Change
2.32%
Date Range
1/1/1984 - 1/1/2024
Summary
The Homeownership Rate for Delaware measures the percentage of occupied housing units that are owner-occupied in the state. It is an important indicator of housing market conditions and affordability.
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 Homeownership Rate for Delaware tracks the proportion of households that own their primary residence rather than rent it. This metric provides insight into home buying trends, housing supply and demand, and socioeconomic factors affecting home ownership.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and analysts use the Homeownership Rate to evaluate housing policies and assess the overall health of the state's real estate market.
Key Facts
- Delaware's homeownership rate was 73.3% as of the latest data.
- The rate has declined from a peak of 75.6% in 2006.
- Homeownership tends to be higher in Delaware compared to the national average.
FAQs
Q: What does this economic trend measure?
A: The Homeownership Rate for Delaware measures the percentage of occupied housing units that are owner-occupied in the state.
Q: Why is this trend relevant for users or analysts?
A: The homeownership rate provides insight into housing market conditions, home buying trends, and socioeconomic factors affecting home ownership in Delaware.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Homeownership Rate to evaluate housing policies and assess the overall health of Delaware's real estate market.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the American Community Survey.
Related Trends
Real Gross Domestic Product: Private Services-Providing Industries in Delaware
DEPRISERVPRORGSP
Other Services (except Public Administration) Earnings in Delaware
DEEOTH
Average Weekly Earnings of All Employees: Manufacturing in Delaware
SMU10000003000000011
Business Applications: Total for All NAICS in Delaware
BABATOTALSADE
Coefficient for Residential Carbon Dioxide Emissions, Residential for Delaware
EMISSCO2CCLRCBDEA
Forestry, Fishing, Related Activities and Other Wages and Salaries in Delaware
DEWFOR
Citation
U.S. Federal Reserve, Homeownership Rate for Delaware (DEHOWN), retrieved from FRED.