Homeownership Rate for Louisiana
LAHOWN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.30
Year-over-Year Change
-0.58%
Date Range
1/1/1984 - 1/1/2024
Summary
The Homeownership Rate for Louisiana measures the percentage of occupied housing units that are owner-occupied in the state. This statistic is a key indicator of housing market conditions and home 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 tracks the share of Louisiana homes that are owned by their residents rather than rented. This metric provides insight into housing accessibility, wealth accumulation, and the overall health of the state's real estate sector.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and housing market analysts use the Homeownership Rate to gauge Louisiana's economic well-being and guide housing policies.
Key Facts
- Louisiana's homeownership rate was 69.9% as of the latest data.
- The state's homeownership rate has declined from over 72% in the early 2000s.
- Owning a home is a key source of wealth for many Louisiana families.
FAQs
Q: What does this economic trend measure?
A: The Homeownership Rate for Louisiana measures the percentage of occupied housing units in the state that are owner-occupied rather than rented.
Q: Why is this trend relevant for users or analysts?
A: The homeownership rate is a critical indicator of housing affordability, wealth accumulation, and the overall health of the real estate market in Louisiana.
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 housing market analysts use the Homeownership Rate to gauge Louisiana's economic well-being and guide housing policies.
Q: Are there update delays or limitations?
A: The Homeownership Rate data is updated annually with a slight delay, reflecting the timeframe of the underlying Census survey.
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Citation
U.S. Federal Reserve, Homeownership Rate for Louisiana (LAHOWN), retrieved from FRED.