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Data and Statistics

Census: Number in poverty hits 50-year high

The U.S. Census Bureau released figures today showing the nation's poverty rate jumped to 14.3% in 2009. That's the highest level since '94.

That rate indicates 43.6 million Americans are poor — the highest number in the nation's 51 years of keeping track.

The Office of Management and Budget defines poverty for 2009 as earning less than $21,954 for a family of four.

Read more details about the report at CNN.com.

Dartmouth students report on Vermonters in poverty

At the request of the Vermont Child Poverty Council, students and faculty of Dartmouth's Policy Research Shop prepared a report titled "Poverty in Vermont: Reduction and Profiles," which describes the population of Vermonters in poverty and identifies areas for further research and action.

The report concludes:

Report: Homelessness rises in 2010

The number of people served in Vermont’s shelters rose by 8% during state fiscal year 2010, when compared to 2009, according to Emergency Shelter Grant program figures released this month by Vermont’s Office of Economic Opportunity.

This was the largest jump of the decade, up to a total of 3,834 people, 22% of whom were children.

Read the report.

Fewer troubled home loans in Vermont than other New England states

An estimated 4.76% of home mortgages in Vermont were seriously delinquent in the second quarter of 2010. No other state in New England — and only six states in the U.S. — fared this well, according to recent data from the Mortgage Bankers Association’s National Delinquency Survey.

A loan is considered “seriously delinquent” if it's delinquent by 90 days or more, or if it's entered the foreclosure process.

Approximately 2.71% of Vermont’s mortgages were in the foreclosure process as of June 31, 2010 — substantially fewer than in New England and the U.S.

Vermont home prices down 4% from last year

Prices of homes sold in Vermont were approximately 4% lower during the second quarter of 2010 than 12 months earlier, according to repeat sales data from the Federal Housing Finance Agency (FHFA).

Vermont was no different than other northeastern states. All of them experienced lower prices during 2010’s second quarter, in comparison to 2009’s second quarter.

For additional information, see the FHFA press release (PDF).

Number of U.S. homes sold falls in July

Sales of new homes fell 12% in July compared to June volumes, according to estimates released today by the U.S. Census Bureau and the Department of Housing and Urban Development.

A similar decline occurred for sales of existing homes. According to the National Association of Realtors (NAR), the number of existing homes sold last month dropped 27% from the prior month and 25% from the level a year ago.

Economic recovery slow to reach long-term unemployed

A recent report by Rutgers University, entitled "No End in Sight:  The Agony of Prolonged Unemployment," describes the pervasive nature of unemployment among people who lost their jobs during the recent recession.

The report is based on a national survey of 900 people who were unemployed in August 2009. Participants were then re-interviewed six months later in March 2010.

The study found:

Housing market lags in Vermont's economic recovery

reportEven though the state’s economy is recovering by many indicators, economists project a continued decline in Vermont home prices and foreclosure rates hovering at an all-time high through at least mid-2011.

All states except North Dakota experienced home sales declines in January-March 2010 relative to 12 months earlier, according to Federal Housing Finance Agency repeat sales indices.

HUD: Family homelessness continues to rise

The number of homeless families in the U.S. rose for the second year in a row, according to The 2009 Annual Assessment Report to Congress recently completed by HUD.

This rise shows the impact of the economic downturn “on the housing stability of low-income and vulnerable Americans,” the report explains.

Report: Unaffordable housing hampers local employment growth

report coverStatistical research confirms unaffordable housing has broad impacts for local economies.

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