Notes and Opinions from one of Arizona's Most Trusted Loan Teams Survey Finds Expansion of Housing in the U.S. October 7th, 2008 11:18 AM The Census Bureau's 2007 American Housing Survey reports that total residential units across the United States hit 128.2 million last year, up about 4 million from 2005. Detached single-family homes accounted for 80 million units, with manufactured or mobile homes making up 6.3 million units. Of the total number of residential units, 68 percent were occupied by owners and 32 percent by renters. Another 27 percent had only one resident, while almost 3 percent housed three generations of one family. The report shows a 16-percent jump in the median home price to $191,471 last year from $165,344 in 2005 and a 20-percent jump in the number of units worth $300,000 or more. Occupants shelled out 24 percent of their incomes overall on housing last year, with shelter costs consuming 33 percent of renters' income. Co-op residents paying mortgages devoted 28 percent of their earnings to housing costs, while homeowners without mortgages spent 13 percent on this expense. More - May Require Free Registration From "Survey Finds Expansion of Housing in the U.S." New York Times (10/07/08) Roberts, Sam Posted by on October 7th, 2008 11:18 AMPost a Comment (0) * Name: * Email Address: URL: Comment: Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

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