Homeownership Rate for Wisconsin
WIHOWN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.00
Year-over-Year Change
0.74%
Date Range
1/1/1984 - 1/1/2024
Summary
The Homeownership Rate for Wisconsin measures the percentage of occupied housing units that are owner-occupied in the state. This key metric provides insight into housing and real estate market trends.
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 in Wisconsin that are occupied by their owner. It is an important economic indicator used to analyze housing affordability, mortgage market conditions, and broader trends in residential real estate.
Methodology
The data is collected and calculated by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor the Homeownership Rate to understand the health of the housing market and identify opportunities for policy interventions.
Key Facts
- Wisconsin's Homeownership Rate was 67.3% as of the latest data.
- The Homeownership Rate in Wisconsin is slightly higher than the national average.
- Homeownership rates tend to fluctuate with changes in mortgage rates and economic conditions.
FAQs
Q: What does the Homeownership Rate for Wisconsin measure?
A: The Homeownership Rate for Wisconsin measures the percentage of occupied housing units in the state that are owner-occupied, as opposed to renter-occupied.
Q: Why is the Homeownership Rate relevant for users or analysts?
A: The Homeownership Rate is a key indicator of housing market conditions and affordability. It provides insights into trends in home buying, mortgage lending, and the overall state of the residential real estate sector.
Q: How is the Homeownership Rate data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on surveys of housing units in Wisconsin.
Q: How is the Homeownership Rate used in economic policy?
A: Policymakers and analysts use the Homeownership Rate to monitor housing market health, inform mortgage and real estate policies, and assess the broader economic implications of housing trends.
Q: Are there any update delays or limitations with the Homeownership Rate data?
A: The Homeownership Rate data is published quarterly by the Census Bureau, with a slight delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Homeownership Rate for Wisconsin (WIHOWN), retrieved from FRED.