Current Table

SNAPSHOT OF HOUSING IN AMERICA, 2010-2011 (1)
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  2010 2011 Percent change, 2010-2011
Single-family home sales      
    New (thousands) 323 306 -5.3%
    Existing (millions) 3.7 3.8 2.1
Residential construction      
    Total starts (thousands) 587 609 3.7
          Single-family (thousands) 471 431 -8.6
          Multifamily (thousands) 116 178 54.0
    Completions (thousands) 652 585 -10.3
Median single-family sales price      
    New $228,800 $227,200 -0.7
    Existing (2) 172,900 166,100 -3.9
Construction spending      
     Residential fixed investment ($ billions) 348.8 337.5 -3.2
     Homeowner improvements ($ billions) 115.1 115.8 0.6

(1) Calculated from unrounded data. Dollar values adjusted for inflation using the consumer price index for all items.
(2) National Association of Realtors revised figures.

Source: The State of the Nation's Housing, 2012, Joint Center for Housing Studies, Harvard University; National Association of Realtors.

 

Archived Tables

SNAPSHOT OF HOUSING IN AMERICA, 2007-2008
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  2007 2008 Percent change (1)
Homeownership rate (2) 68.1% 67.8% -0.3 pts.
New home sales (3) (units) 776,000 485,000 -37.5%
Existing home sales (3) (units) 4.9 million 4.4 million -11.9
Existing home price (3) (median) $226,266 $196,600 -13.1
Home equity $10.4 trillion $7.9 trillion -24.1
Mortgage debt $10.9 trillion $10.5 trillion -4.1
Mortgage refinancing $1.2 trillion $0.9 trillion -28.6
Residential fixed investment $654.4 billion $487.7 billion -25.5

(1) Homeownership rate change expressed in percentage points. Percent changes on other items are calculated from unrounded numbers.   
(2) Percentage of households that are homeowners.   
(3) Single-family.
(4) Construction spending, housing starts and home sales.
   
Note: All dollar figures are in 2008 dollars.   
   
Source: Harvard University, 2009 State of the Nation's Housing.

 
SNAPSHOT OF THE AMERICAN HOUSING MARKET, 2005-2009
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  Percent change  (1)
  2005-2009 2008-2009
New single-family sales   -70.8% -22.7%
Existing single-family sales   -26.1 5.0
Housing starts (2) -73.2 -38.8
Housing completions (2) -58.9 -29.1
Median new single-family price   -18.1 -6.3
Median existing single-family price   -28.5 -12.1
Home equity   -56.6 -4.2
Mortgage debt   5.6 -1.2
Residential investment   -57.6 -24.1
Owner residential improvements   -19.6 -3.3

(1) Calculated from unrounded data. Dollar values adjusted for inflation using the consumer price index for all items.
(2) Single- and multifamily units.

Source: Harvard University, 2010 State of the Nation's Housing study.

 
SNAPSHOT OF HOUSING IN AMERICA, 2008-2010
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  Percent change (1) 
  2008-2009 2009-2010
New single-family sales   -22.7% -13.9%
Existing single-family sales   5.0 -5.7
Housing starts (2) -38.8 5.9
Housing completions (2) -29.1 -18.0
Median new single-family price   -6.3 0.7
Median existing single-family price   -12.1 -1.0
Home equity   -3.0 -8.0
Mortgage debt   -1.1 -4.2
Residential investment   -25.2 -4.9
Owner residential improvements   -6.4 0.9

(1) Calculated from unrounded data. Dollar values adjusted for inflation using the consumer price index for all items.
(2) Single- and multifamily units.

Source: The State of the Nation's Housing, 2011, Joint Center for Housing Studies, Harvard University.