Tag Archives: Owner-occupier

Is a high home ownership rate a sign of a successful country?– Marginal Revolution

Is a high home ownership rate a sign of a successful country?

by  on June 16, 2012

I saw an El Pais spread on this, which I cannot find on-line.  Here are the European countries with the highest owner occupancy rates:

1. Romania, 97.5%

2. Lithuania, 93.1%

3. Croatia, 90.1%

4. Slovakia, 90.0%

How about the lowest rates?

1. Switzerland, 44.3%

2. Germany, 53.2%

3. Austria, 57.4%

Get the picture?

This is a list of countries by home ownership rate, the ratio of owner-occupied units to total residential units in a specified area.[1]

Rank Country Home ownership
rate(%)
Date of
Information
1  Bulgaria 97 2011[2][3]
2  Hungary 91.9 2001[4]
3  Singapore 87 2010[5]
4  Palestine 84 2000[6]
5  Ireland 83 2002
6  Slovenia 82 2002
7  Italy 78 2011
7  Spain 78 2001[7]
8  Norway 77 2002
9  Brazil 74 2008[8]
10  Belgium 71 2002
10  Israel 71 2002
11  United Kingdom 69 2002
11  Australia 69 2002
12  United States 68 2002
13  Canada 67 2002
13  Finland 67 2000
14  New Zealand 65 2004[9]
15  Portugal 64 2002
16  Japan 60 2000
17  Sweden 60 2000
18  Austria 56 2002
19  France 55 2000
20  Denmark 51 2000
21  Netherlands 49 2000
22  Germany 42 2002
Do you think it between 75% and 65%?

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HVS: Q4 Homeownership and Vacancy Rates

HVS: Q4 Homeownership and Vacancy Rates

by CalculatedRisk on 1/31/2012 

The Census Bureau released the Housing Vacancies and Homeownership report for Q4 this morning.

As Tom Lawler has been discussing, this is from a fairly small sample, and the homeownership and vacancy rates are higher than estimated in other reports (like Census 2010). This report is commonly used by analysts to estimate the excess vacant supply for housing, but it doesn’t appear to be useful for that purpose.

It might show the trend, but I wouldn’t rely on the absolute numbers.

Homeownership RateClick on graph for larger image.

The Red dots are the decennial Census homeownership rates for April 1st 1990, 2000 and 2010. The HVS homeownership rate declined to 66.0%, down from to 66.3% in Q3 2011.

I’d put more weight on the decennial Census numbers and that suggests the actual homeownership rate is probably in the 64% to 65% range.

Homeowner Vacancy RateThe Census researchers are investigating differences in Census 2010, ACS 2010, and HVS 2010 vacant housing unit estimates, but there is no scheduled date for any report.

The HVS homeowner vacancy rate declined to 2.3% from 2.4% in Q3. This is the lowest level since early 2006 for this report.

The homeowner vacancy rate has probably peaked and is now declining. However – once again – this probably shows that the trend is down, but I wouldn’t rely on the absolute numbers.

Rental Vacancy RateThe rental vacancy rate declined to 9.4% from 9.8% in Q3.

I think the Reis quarterly survey (large apartment owners only in selected cities) is a much better measure of the overall trend in the rental vacancy rate – and Reis reported that the rental vacancy rate has fallen to the lowest level since 2001.

This is the most timely survey on households, but unfortunately the survey has serious issues – and sadly many analysts still use this survey to estimate the excess vacant supply. However this does suggest that the housing vacancy rates are falling.

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