November 14, 2014

American Housing Survey Reveals 87 Percent Of US Housing Units Occupied

American Housing Survey Reveals 87 Percent Of US Housing Units Occupied

Based on the 2013 American Housing Survey (AHS) report released by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau last month, approximately 87 percent out of the 133 million total residential housing units in the United States in 2013 are occupied.

Since 2011, the number of occupied housing units had an increase of 413,000. During that time, 35 percent of the housing units were occupied by renters while 65 percent were occupied by homeowners.

The median size of all single-family detached housing units in 2013 was 1,800 square feet, with a median lot size of .25 acres acccording to AHS. Such lot size shows a significant reduction in the lot sizes compared from 1973 when the first year the AHS was sponsored by HUD and done by the Census Bureau. At that time, .36 acres was the median lot size of a single-family detached housing unit.

Furthermore, the AHS reported a reduction in the monthly costs for all occupied housing units from 2011 to 2013 from $927 to $896. The owners’ median monthly costs decreased from $1,008 to $934, while the renters’ cost slight increased from $845 to $850.

As for the good news, according to the AHS, the number of homes reported to have moderate to severe physical problems especially in their electrical, heating or plumbing systems have reduced from 2011 to 2013. In 2013, there were four million homes with moderate physical problems while about two million homes had severe ones.

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