Friday, February 03, 2006

Just How Big is Housing?

The following information is from the Association of Home Builders.

The U.S. housing market consists of 107 million occupied units, including 74 million owner-occupied homes and 33 million rental units.

The total value of the nation's housing stock exceeds $17 trillion. And, equity-the value of a home minus any debt-now exceeds $10 trillion in the U.S.

More then 69% of all U.S. households own their own home-the highest homeownership rate in history.

In 2005, more then 7 million single-family homes were sold.


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