Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2016End of 2015End of 2014SourcesVar ID
Total population 321.42 million318.91 million
WDI
A.1.1
Total number of households  116 million
U.S. Census Bureau
A.1.2
Average household size  2.64
U.S. Census Bureau
A.1.3
Urban population (% of total) 81.62% of total81.45% of total
WDI
A.1.4
Urban population growth (annual %) .8%.99%
WDI
A.1.5
A.2 Economy
VariableEnd of 2016End of 2015End of 2014SourcesVar ID
GDP, current prices (U.S. dollars)18,558,129 USD (millions)18,036,648 USD (millions)17,393,103 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)18,558,129 USD (millions)18,036,648 USD (millions)17,393,103 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)57,220 USD 55,805 USD 54,360 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)57,220 USD 55,805 USD 54,360 USD
WEO
A.2.4
GDP, constant prices (Percent change)2.4%2.43%2.43%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change).82%.82%.55%
WEO
A.2.6
GDP, deflator (Index)110.85109.78108.69
WEO
A.2.7
Consumer price index 108.70108.57
WDI
A.2.8
GINI Index  0.48
U.S. Census Bureau
A.2.9
Median national annual household income  53,657 USD
U.S. Census Bureau
A.2.10
Median urban annual household income  61,600 USD/year
U.S. Census Bureau
A.2.11
Urban minimum wages per month in USD  7.25 USD
U.S. Department of Labor
A.2.12
Growth in urban household income (%/year)A.2.13
Nominal  5.35%
U.S. Census Bureau
A.2.13.1
Real  3.2%
U.S. Census Bureau
A.2.13.2
Employment (% of total laborforce)A.2.14
Self-employed  6.8%
WDI
A.2.14.1
Unemployed5.26%5.3%6.2%
Bureau of Labor Statistics
A.2.14.3
Interest Rates:A.2.15
Central bank lending/discount rate1%1%.75%
IMF
A.2.15.1
Yield on 3 months treasury bills.32%.06%.03%
Board of Governors of the Federal Reserve System
A.2.15.2
Yield on 10-year Government bond1.84%2.14%2.54%
OECD
A.2.15.3
Lending rate3.51%3.26%3.25%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2016End of 2015End of 2014SourcesVar ID
Number of dwelling units:B.1.1
Total135.58 million134.76 million133.96 million
Federal Reserve Bank
B.1.1.1
Total Urban  Not available
American Housing Survey
B.1.1.2
Percentage of vacant units12.8% of total12.88% of total12.5% of total
Federal Reserve Bank
B.1.2
Characteristics of housing stock:B.1.3
Average dwelling unit size-existing  167.23 sq.mt
American Housing Survey Report from HUD
B.1.3.1
Tenure in urban areas (%):B.1.4
Owner-occupied units  56.95% of total
US Census Bureau
B.1.4.1
% of owner units with a mortgage  63.66% of total
US Census Bureau
B.1.4.2
Private rental units  33.78% of total
American Housing Survey Report from HUD
B.1.4.3
% of urban units with state recognized lienable title  100% of total
Country Editor
B.1.4.6
Estimated Number of units completed/yearB.1.5
Formal sector/registered  770,000 units
U.S. Department of Housing and Urban Development
B.1.5.1
Informal sector/non-registered  Non-applicable
 
B.1.5.2
Number of recorded urban housing transactions/year  6353000
U.S. Department of Housing and Urban Development
B.1.6
How complete is this measure for formal sector transactions?  complete
 
B.1.7
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2016End of 2015End of 2014SourcesVar ID
Median urban house price in USD:B.2.1
New housing310,567 USD 297,258 USD 282,800 USD
U.S. Census Bureau
B.2.1.1
Existing housing  206,867 USD
U.S. Department of Housing and Urban Development
B.2.1.2
Median house price to median annual HH income:B.2.2
Urban  3.12
U.S. Department of Housing and Urban Development
B.2.2.1
Capital city  2.51
U.S. Department of Housing and Urban Development
B.2.2.2
Annual average % change in median house prices:B.2.3
Yearly Rate  10.32%
U.S. Department of Housing and Urban Development
B.2.3.1
1997-2007 average rate  5.66%
U.S. Department of Housing and Urban Development
B.2.3.2
M2 construction cost for median quality houseB.2.4
National  95 USD/sq.mt
National Association of Home Builders Construction Cost Survey
B.2.4.1


back to top | Country Data:
Notes: 15 year FRM data is used
Notes: 15 year FRM data is used
Notes: 15 year FRM data is used
Notes: Binding if mortgages are sold to GSE
Notes: Both FannieMae & FreddieMac
Notes: Both FannieMae & FreddieMac
Notes: Both FannieMae & FreddieMac
Notes: Costs vary regionally
Notes: Federal Housing Authority Insurance
Notes: federal minimum wage is used; July 24 of each year is the annual cutoff.
Notes: federal minimum wage is used; July 24 of each year is the annual cutoff.
Notes: federal minimum wage is used; July 24 of each year is the annual cutoff.
Notes: FNMA, FreddieMac & GinnieMae are implicitly guaranteed by the federal government.
Notes: FNMA, FreddieMac & GinnieMae are implicitly guaranteed by the federal government.
Notes: FRM/total single-family loans
Notes: Median of a range from 263-444 USD
Notes: Mortgage interest deductibility is limited to $1 million size of loan. The proportion is very high and estimated at 80% by experts
Notes: National data
Notes: Not at the Federal level, but some states do
Notes: Section 8
Notes: Section 8
Notes: Section 8
Notes: Section 8
Notes: Section 8
Notes: Section 8
Notes: Section 8
Notes: Section 8
Notes: Section 8
Notes: The Federal Home Loan Bank System is implicitly guaranteed by the federal government
Notes: The total number of sales is used as the weight between new and existing housing
Notes: # of Mortgage-free owner occupied units is 24,225 divided by total number of owner occupied units = 76,091
Notes: $400 and up for buyer, $150-$500 for lender, varies by state
Notes: $400 and up for buyer, $150-$500 for lender, varies by state
Notes: 0.40%
Notes: 0.60%
Notes: 0.70%
Notes: 0.70%
Notes: 0.70%
Notes: 0.70%
Notes: 0.70%
Notes: 15 year FRM data is used
Notes: 15 year FRM data is used
Notes: 2011 data now includes Savings and Loans in this data set
Notes: 24% for conventional loans, 28% for FHA
Notes: 28% for conventional loans (Wells Fargo & Others), 31% for FHA loans, 41% for VA Loans
Notes: 36% for conventional through Fannie Mae/Freddie Mac, 31% for FHA, 41% for VA
Notes: 36% for conventional through Fannie Mae/Freddie Mac, 31% for FHA, 41% for VA
Notes: 80 per Square feet - The average construction cost of a single-family home in 2011 is $184,125. Average Home size: 2,311 square feet in 2011
Notes: 82 per Square feet - The average construction cost of a single-family home in 2009 is $222,511. Average Home size: 2,716 square feet in 2009
Notes: All those who itemize tax returns
Notes: Annual average was computed using the quarterly statistics
Notes: Approximation. Mostly big national lenders
Notes: Approximation. Mostly big national lenders
Notes: Approximation. Mostly big national lenders
Notes: Approximation. Mostly big national lenders
Notes: Approximation. Mostly big national lenders
Notes: Approximation. Mostly big national lenders
Notes: Approximation. Mostly big national lenders
Notes: ARM/total single-family loans
Notes: ARM/total single-family loans
Notes: ARM/total single-family loans
Notes: ARM/total single-family loans
Notes: ARM/total single-family loans
Notes: As a percentage of the outstanding loan balance. 30-60%
Notes: As a percentage of the outstanding loan balance. 30-60%
Notes: As a percentage of the outstanding loan balance. 30-60%
Notes: As a percentage of the outstanding loan balance. 30-60%
Notes: As a percentage of the outstanding loan balance. 30-60%
Notes: Bank prime loan rate
Notes: Base year
Notes: Binding if mortgages are sold to GSE
Notes: Binding if mortgages are sold to GSE
Notes: Binding if mortgages are sold to GSE
Notes: Binding if mortgages are sold to GSE
Notes: Binding if mortgages are sold to GSE
Notes: Binding if mortgages are sold to GSE
Notes: Binding if mortgages are sold to GSE
Notes: Both FannieMae & FreddieMac
Notes: Both FannieMae & FreddieMac
Notes: Both FannieMae & FreddieMac
Notes: Both FannieMae & FreddieMac
Notes: Both FannieMae & FreddieMac
Notes: By the U.S. Housing Affordability convention, the ratio computed here is "Median Price for Existing Single-Family" to "Median Family Income (Metro District of Columbia)"
Notes: By the U.S. Housing Affordability convention, the ratio computed here is "Median Price for Existing Single-Family" to "Median Family Income (Metro District of Columbia)"
Notes: By the U.S. Housing Affordability convention, the ratio computed here is "Median Price for Existing Single-Family" to "Median Family Income (Metro District of Columbia)"
Notes: By the U.S. Housing Affordability convention, the ratio computed here is "Median Price for Existing Single-Family" to "Median Family Income"
Notes: By the U.S. Housing Affordability convention, the ratio computed here is "Median Price for Existing Single-Family" to "Median Family Income"
Notes: By the U.S. Housing Affordability convention, the ratio computed here is "Median Price for Existing Single-Family" to "Median Family Income"
Notes: By the U.S. Housing Affordability convention, the ratio computed here is "Median Price for Existing Single-Family" to "Median Family Income"
Notes: By the U.S. Housing Affordability convention, the ratio computed here is "Median Price for Existing Single-Family" to "Median Family Income"
Notes: By the U.S. Housing Affordability convention, the ratio computed here is "Median Price for Existing Single-Family" to "Median Family Income"
Notes: By the U.S. Housing Affordability convention, the ratio computed here is "Median Price for Existing Single-Family" to "Median Family Income"
Notes: Consumer Financial Protection Bureau
Notes: conventional loans for owner-occupied home purchase by GSEs
Notes: conventional loans for owner-occupied home purchase by GSEs
Notes: conventional loans for owner-occupied home purchase by GSEs
Notes: conventional loans for owner-occupied home purchase by GSEs
Notes: conventional loans for owner-occupied home purchase by GSEs
Notes: conventional loans for owner-occupied home purchase by GSEs
Notes: Costs vary regionally
Notes: Costs vary regionally
Notes: Costs vary regionally
Notes: Costs vary regionally
Notes: End of Period
Notes: Fannie Mae, Freddie Mac, Ginnie Mae
Notes: Federal Housing Authority Insurance
Notes: Federal Housing Authority Insurance
Notes: Federal Housing Authority Insurance
Notes: Federal Housing Authority Insurance
Notes: Federal Housing Authority Insurance
Notes: Federal Housing Authority Insurance
Notes: Federal Housing Authority Insurance
Notes: Federal Housing Authority Insurance
Notes: Federal Housing Authority Insurance
Notes: federal minimum wage is used; July 24 of each year is the annual cutoff.
Notes: federal minimum wage is used; July 24 of each year is the annual cutoff.
Notes: federal minimum wage is used; July 24 of each year is the annual cutoff.
Notes: FHA & VA
Notes: FHA & VA
Notes: FHA & VA
Notes: FHA & VA
Notes: FHA & VA
Notes: FHA & VA
Notes: FNMA, FreddieMac & GinnieMae are implicitly guaranteed by the federal government.
Notes: FNMA, FreddieMac & GinnieMae are implicitly guaranteed by the federal government.
Notes: FNMA, FreddieMac & GinnieMae are implicitly guaranteed by the federal government.
Notes: FNMA, FreddieMac & GinnieMae are implicitly guaranteed by the federal government.
Notes: FNMA, FreddieMac & GinnieMae are implicitly guaranteed by the federal government.
Notes: FNMA, FreddieMac & GinnieMae are implicitly guaranteed by the federal government.
Notes: FNMA, FreddieMac & GinnieMae are implicitly guaranteed by the federal government.
Notes: FNMA, FreddieMac & GinnieMae are implicitly guaranteed by the federal government.
Notes: FRM/total single-family loans
Notes: FRM/total single-family loans
Notes: FRM/total single-family loans
Notes: FRM/total single-family loans
Notes: Housing Expense Ratio and Short-term Debt Obligations/the latter is most frequently applied and is calculated over debt/income of all signers of the note/It is not prescribed and lenders have flexibility
Notes: HUD
Notes: HUD
Notes: HUD
Notes: HUD
Notes: HUD
Notes: in number of loans
Notes: in number of loans
Notes: in number of loans
Notes: in number of loans
Notes: in number of loans
Notes: in number of loans
Notes: in number of loans
Notes: in number of loans
Notes: Includes public and private rental units
Notes: Median
Notes: Median in the range from 84-600 USD
Notes: Median in the range from 84-600 USD
Notes: Median is used (1800 square feet)
Notes: Median of a range from 263-444 USD
Notes: Median Price of New Homes Sold in the U.S.
Notes: Median Sale Price for New Houses Sold
Notes: Mortgage interest deductibility is limited to $1 million size of loan
Notes: Mortgage interest deductibility is limited to $1 million size of loan. The proportion is very high and estimated at 80% by experts
Notes: Mortgage interest deductibility is limited to $1 million size of loan. The proportion is very high and estimated at 80% by experts
Notes: Mortgage interest deductibility is limited to $1 million size of loan. The proportion is very high and estimated at 80% by experts
Notes: Mortgage interest deductibility is limited to $1 million size of loan. The proportion is very high and estimated at 80% by experts
Notes: Mortgage interest deductibility is limited to $1 million size of loan. The proportion is very high and estimated at 80% by experts
Notes: Mortgage interest deductibility is limited to $1 million size of loan. The proportion is very high and estimated at 80% by experts
Notes: National data
Notes: National data
Notes: National data
Notes: National data
Notes: National data
Notes: National data
Notes: National data
Notes: National data used
Notes: National data used
Notes: National figures are used
Notes: National figures are used
Notes: National figures are used
Notes: National figures are used
Notes: National figures are used
Notes: National figures are used
Notes: New + existing housing are weighted equally
Notes: New + existing housing are weighted equally
Notes: New + existing housing are weighted equally
Notes: New + existing housing are weighted equally
Notes: New + existing housing are weighted equally
Notes: New + existing housing are weighted equally
Notes: New + existing housing are weighted equally
Notes: no income limits; function of house price and income (at any level)
Notes: no income limits; function of house price and income (at any level)
Notes: no income limits; function of house price and income (at any level)
Notes: no income limits; function of house price and income (at any level)
Notes: no income limits; function of house price and income (at any level)
Notes: no income limits; function of house price and income (at any level)
Notes: no income limits; function of house price and income (at any level)
Notes: not at federal level, some states have it
Notes: not at federal level, some states have it
Notes: not at federal level, some states have it
Notes: not at federal level, some states have it
Notes: not at federal level, some states have it
Notes: not at federal level, some states have it
Notes: not at federal level, some states have it
Notes: not at federal level, some states have it
Notes: not at federal level, some states have it
Notes: not at federal level, some states have it
Notes: Not at the Federal level, but some states do
Notes: Not at the Federal level, but some states do
Notes: Not at the Federal level, but some states do
Notes: Not at the Federal level, but some states do
Notes: Not at the Federal level, but some states do
Notes: Not at the Federal level, but some states do
Notes: Not at the Federal level, but some states do
Notes: Not at the Federal level, but some states do
Notes: Only at the state level
Notes: Only at the state level
Notes: Only at the state level
Notes: Only at the state level
Notes: Only at the state level
Notes: Only at the state level
Notes: Only at the state level
Notes: Only Credit Unions - Savings in 2011 were included in Universal Commercial Banks figure
Notes: p.3
Notes: Quoted on investment basis
Notes: Quoted on investment basis
Notes: Quoted on investment basis
Notes: Quoted on investment basis
Notes: Quoted on investment basis
Notes: Quoted on investment basis
Notes: Quoted on investment basis
Notes: Quoted on investment basis
Notes: Quoted on investment basis
Notes: Quoted on investment basis
Notes: Quoted on investment basis
Notes: Quoted on investment basis
Notes: Quoted on investment basis
Notes: Quoted on investment basis
Notes: Range from 225-450
Notes: Range from 225-450
Notes: Section 8
Notes: some special programs
Notes: some special programs
Notes: some special programs
Notes: some special programs
Notes: some special programs
Notes: some special programs
Notes: some special programs
Notes: some special programs
Notes: some special programs
Notes: some states do
Notes: some states do
Notes: some states do
Notes: some states do
Notes: some states do
Notes: The cost of title services and title insurance varies by state. For example, a lender's policy on a $100,000 loan can range from $175 in one state to $900 in another. In some states, the price can even vary by county
Notes: The cost of title services and title insurance varies by state. For example, a lender's policy on a $100,000 loan can range from $175 in one state to $900 in another. In some states, the price can even vary by county
Notes: The cost of title services and title insurance varies by state. For example, a lender's policy on a $100,000 loan can range from $175 in one state to $900 in another. In some states, the price can even vary by county
Notes: The cost of title services and title insurance varies by state. For example, a lender's policy on a $100,000 loan can range from $175 in one state to $900 in another. In some states, the price can even vary by county
Notes: The cost of title services and title insurance varies by state. For example, a lender's policy on a $100,000 loan can range from $175 in one state to $900 in another. In some states, the price can even vary by county
Notes: The Federal Home Loan Bank System is implicitly guaranteed by the federal government.
Notes: The Federal Home Loan Bank System is implicitly guaranteed by the federal government.
Notes: The Federal Home Loan Bank System is implicitly guaranteed by the federal government.
Notes: The Federal Home Loan Bank System is implicitly guaranteed by the federal government.
Notes: The Federal Home Loan Bank System is implicitly guaranteed by the federal government.
Notes: The Federal Home Loan Bank System is implicitly guaranteed by the federal government.
Notes: The Federal Home Loan Bank System is implicitly guaranteed by the federal government.
Notes: The Federal Home Loan Bank System is implicitly guaranteed by the federal government.
Notes: The Federal Home Loan Bank System is implicitly guaranteed by the federal government.
Notes: The state of Louisiana system is based on principles from France and Spain (civil law). State of California is based on common law but has codified it in a manner of civil law. California and a number of other Western states, however, have retained the concept of community property derived from civil law.
Notes: The total number of sales is used as the weight between new and existing housing
Notes: The total number of sales is used as the weight between new and existing housing
Notes: The total number of sales is used as the weight between new and existing housing
Notes: The total number of sales is used as the weight between new and existing housing
Notes: The total number of sales is used as the weight between new and existing housing
Notes: The total number of sales is used as the weight between new and existing housing
Notes: There was no AHS-Metropolitan Sample in the 2011 survey. Instead, a supplemental sample of housing units was selected for 29 metropolitan areas. This supplemental sample was combined with the National Sample in these areas in order to produce metropolitan estimates using the National survey.
Notes: This figure is a % of first-lien residential mortgages serviced by selected national and federal savings banks from the OCC Mortgage Metrics Report for the fourth quarter of 2011. All these mortgages comprise 60 percent of all mortgages outstanding in the United States
Notes: This figure is a % of first-lien residential mortgages serviced by selected national and federal savings banks from the OCC Mortgage Metrics Report for the fourth quarter of 2011. All these mortgages comprise 60 percent of all mortgages outstanding in the United States
Notes: This figure is a % of first-lien residential mortgages serviced by selected national and federal savings banks from the OCC Mortgage Metrics Report for the fourth quarter of 2011. All these mortgages comprise 60 percent of all mortgages outstanding in the United States
Notes: This figure is a % of first-lien residential mortgages serviced by selected national and federal savings banks from the OCC Mortgage Metrics Report for the fourth quarter of 2011. All these mortgages comprise 60 percent of all mortgages outstanding in the United States
Notes: This figure is for households in metropolitan areas as defined by the U.S. Census Bureau
Notes: U.S. Department of Housing and Urban Development By the U.S. Housing Affordability convention, the ratio computed here is "Median Price for Existing Single-Family" to "Median Family Income (Metro District of Columbia)"
Notes: VA
Notes: VA
Notes: VA
Notes: VA
Notes: Veterans Authority guarantee
Notes: Veterans Authority guarantee
Notes: Veterans Authority guarantee
Notes: Veterans Authority guarantee
Notes: Veterans Authority guarantee
Notes: Veterans Authority guarantee
Notes: Veterans Authority guarantee
Notes: Veterans Authority guarantee
Notes: Veterans Authority guarantee