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HUD Releases Preliminary American Housing Survey Data
The latest iteration of the annual Department of Housing and Urban Development (HUD) American Housing Survey (AHS) found that homes in the U.S. are continuing to grow in size and complexity even since the start of the housing collapse. </p
HUD released a brief summary of the survey results late last week and the data is available on line to researchers who canaccess it using SAS. The final report which is due shortly promises to be massive; the last survey in 2007 was 642 largely tabular pages. HUD has conducted the survey every other year since 1973.rn<br /
“This important survey provides us a clear picture of the American home and its occupants,” said Dr. Raphael Bostic, HUD's Assistant Secretary for Policy Development and Research. “The housing crisis makes clear the need for continued collection of high quality housing data to help us understand housing markets. The numbers behind this survey not only provide valuable information on the composition of our housing stock, but they also help us monitor the mortgage markets, measure worst-case housing needs, and inform our policy choices.”</p
HUD said that the New Orleans survey, which was previously conducted in 2004, would be particularly helpful in providing an in-depth progress report of the city's redevelopment since the 2005 hurricanes Rita and Katrina.</p
Respondents were asked dozens of questions about their residential situation including the length of their commute, how their homes are financed, their satisfaction with the home's environment, and information about the size, condition, and amenities of the homes themselves. Forrnthe first time the survey includes data on the disability status of household members.</p
Here are some of the preliminary findings.</p<ul class="unIndentedList"<liTherernare 130,112 million residential housing units in the U.S. and 86 percent ofrnthose are occupied; 68 percent are owner-occupied.</li<li51 percent are located in suburban areas; 29 percent in central cities;rnand 20 percent outside metropolitan areas. 18 percent are located in the Northeast; 23rnpercent in the Midwest; 37 percent in the South; and 22 percent in the West.</li<liThe median size of an occupied home is 1,800 square feet (compared torn1,610 in 1985, the earliest year this piece of information was collected), withrnowner-occupied units being larger than renter-occupied ones. Newer Homes arernalso usually larger, with a median size of 2,300 square feet. Even those homes newly constructed since thern2007 AHS are generally larger, more expensive, have more bedrooms andrnbathrooms, and are more likely to include amenities such as central air conditioning.</li
The summary report did notrnreport any of the home financing data collected in the survey.
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