Last week, the Census Bureau released information never before available—detailed population and housing information from the 2010 Census, such as age, relationship and homeownership for census tracts, towns, counties, and the state level.
Data and Statistics
Home lending in Vermont compared to New England
A recent study looking at the six New England states’ home lending activity between 2006 to 2010 shows Vermont compared to neighboring states. Some highlights are:
Housing affordability improved in 2011, but challenges remain for single wage-earner households
The low interest rates offered by mortgage lenders during the economic downturn have improved housing affordability, according to an index prepared each year by the Vermont Economy Newsletter. The percentage of income consumed by mortgage payments on the average Vermont house for the average married couple family in Vermont decreased to 13.1%.
Housing discrimination persists in Vermont according to new study
Housing discrimination is prevalent in Vermont, according to a recent study conducted by Vermont Legal Aid's Housing Discrimination Law Project.
US housing policy lecture at UVM
The University of Vermont's Jefford's Center for Public Policy will be hosting Sandra J. Newman, PhD for a discussion titled, "U.S. Housing Policy: Debates, Puzzles and Insights."
Top ten tax expenditures for housing in 2011
Of the 10 largest housing expenditures, by dollar cost, the Low-Income Housing Tax Credit is only 3%, according to an analysis reported by Novogradac yesterday. By contrast, the five largest housing-related tax expenditures combined represent 93% of the ten largest housing-related tax expenditures in FY 2011.
Baby boomers and the echo generation will shape U.S. housing markets for decades
Aging baby boomers will change the housing market in ways that have never been experienced before, according to a new report on demographic effects on U.S. housing markets from the Bipartisan Policy Center.
The report projects the extent of new unprecedented demands for affordable, accessible housing from the 65+ population. It also describes the impact of seniors on the supply of housing, as they vacate their homes. Although many of their homes will be purchased by younger people, the number of homes left by the baby boom may well exceed the demand from younger potential buyers, particularly in the Northeast and Midwest.
Help finalize indicators for monitoring housing progress in Chittenden County
Do you have ideas about the best measures of Chittenden County's progress toward sustainability? In the initial stage of the county's ECOS (Environment. Community. Opportunity.
VT's rental vacancy rate drops in 2011
According to annual housing vacancy statistics compiled by the Census Bureau, the estimated statewide rental vacancy rate fell in Vermont from 6.1% in 2010 to 4.2% in 2011--the lowest in the nation, with the exception of Oregon. Nationally, the rental vacancy rate was 9.5% in 2011.
Vermont's owner vacancy rate remained about the same in 2011 at 1.7%. The national owner vacancy rate was 2.5%.
Review the Census reports.