Homeownership Rate in the Northeast Census Region
RHORNEQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.40
Year-over-Year Change
-1.13%
Date Range
1/1/1965 - 4/1/2025
Summary
The Homeownership Rate in the Northeast Census Region measures the percentage of housing units in the Northeast that are owner-occupied. This metric is a key indicator of housing market trends and household financial health.
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 housing units that are occupied by the owner rather than a renter. It serves as an important gauge of housing affordability, access to credit, and consumer confidence in a given region.
Methodology
The U.S. Census Bureau collects and calculates this data through the Current Population Survey.
Historical Context
Policymakers and analysts monitor regional homeownership rates to assess housing market conditions and their broader economic implications.
Key Facts
- The Northeast has historically had a lower homeownership rate than the national average.
- Homeownership rates vary significantly by state within the Northeast region.
- Trends in the Northeast homeownership rate can impact construction, real estate, and other housing-related industries.
FAQs
Q: What does this economic trend measure?
A: The Homeownership Rate in the Northeast Census Region tracks the percentage of housing units in the Northeast that are owner-occupied.
Q: Why is this trend relevant for users or analysts?
A: The homeownership rate is a key indicator of housing market conditions, household financial health, and consumer confidence in a given region.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects and calculates this data through the Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor regional homeownership rates to assess housing market conditions and their broader economic implications.
Q: Are there update delays or limitations?
A: The homeownership rate data is published quarterly with some lag, and may not fully capture rapid market changes.
Related Trends
Expenditures: Apparel, Girls, 2 to 15 by Region: Residence in the Northeast Census Region
CXUGIRLSLB1102M
New Privately Owned Housing Starts Median Square Feet of Floor Area for One-Family Units in the Northeast Census Region
HOUSTSFLAM1FNEQ
Income Before Taxes: Other Income by Region: Residence in the Northeast Census Region
CXUOTHRINCLB1102M
New Privately-Owned Housing Units Started: Single-Family Units in the Northeast Census Region
HOUSTNE1F
Expenditures: Health Insurance by Region: Residence in the Northeast Census Region
CXUHLTHINSRLB1102M
Expenditures: Nonalcoholic Beverages by Region: Residence in the Northeast Census Region
CXUNALCBEVGLB1102M
Citation
U.S. Federal Reserve, Homeownership Rate in the Northeast Census Region (RHORNEQ156N), retrieved from FRED.