Browse reports prepared by our research team on the construction industry. We use data from the U.S. Census Bureau and the Bureau of Labor Statistics, among other sources, to provide readers with up-to-date data and statistics relevant to the construction industry.
The Black-White homeownership gap is wider in the U.S. today than it was in the 1960s, when it was legal to refuse to sell a home to someone because of their race. Overall, the gap between White homeownership and all minorities has exceeded 20 percentage points for more than two decades. This report examines where in the U.S. this gap continues to be most pronounced.
While baby boomers comprise just over 20% of the U.S. population, they account for more than 37% of homeowners nationwide. However, baby boomer homeownership rates vary across local and state markets. Researchers calculated the percentage of owner-occupied households that are headed by baby boomers, then ranked locations accordingly.
In order to cope with rising prices, millennials are taking out larger home loans with higher loan-to-value ratios than older generations. To identify where millennials are buying homes, researchers ranked metros and states according to the millennial share of conventional home purchase loans originated in 2023.
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