Notable Numbers From September 2018
Which markets would benefit from the capital gains tax exemption? Where do low-income renters pay more than 100 percent of their incomes for the most affordable rentals? When did renters stop accounting for all new households in the United States?
0%
Change in median rent from August 2017 to August 2018. It’s the first time rents have been flat year-over-year in many years. How many, you ask?
2,300 square feet
That’s the square footage of a typical new home — smaller than the year before, part of a trend toward shrinking. Fewer new homes, smaller homes, smaller lots.
10 years
How long renters accounted for all new household growth in the United States. When did that trend end?
23
The number of top 35 metros in which home values have fully recovered from the bust — and then some — led by San Jose and Denver. Who’s still catching up?
$1.3 million
Median home value in cities where long-term homeowners looking to sell stand to benefit if proposed capital gains tax changes were to go through. In cities where the change would not affect the typical home seller, the median home value is less than half that.
2.3 million
How many more single-family home permits the country would have had, if permits over the past decade had been issued at historic rates. See what that means for the age and service length of existing homes.
2/3
Share of income that lower-income renters pay for the most affordable rentals. In 17 of the country’s 35 largest metros, the share is even higher.