Homeownership rates in the United States, especially among younger households, have been declining since their peak in 2004, according to recent analysis by the National Home Builder's Association.
VHFA wondered whether Vermont was experiencing the same decline.
We weren't able to look at homeownership rates by age, but instead charted Vermont's overall homeownership rate compared to the national. Interestingly, the U.S. Census Bureau surveys show no statistically significant decline in Vermont.
The 2010 homeownership rate estimate for Vermont was slightly less than for 2009, but well within the statistical margin of error. And the state's estimate in the first quarter of 2011 was up slightly, relative to 2010, but not enough to be statistically significant.
Homeownership rate estimates are based on a small sample in Vermont, so the margins of error are fairly large — roughly 1.5 percentage points above and below the point estimates shown on the chart here.
