Who Could Afford to Buy a Home in 2004. Current Housing Reports

摘要

This is the sixth in a series of reports that attempt to measure changes in homeownership affordability for families and unrelated individuals (current owners and current renters). In this report, unrelated individuals in households are analyzed separately from families as sole purchasers. The data in this report were collected from October 2004 through January 2005 in the third wave (interview) of the 2004 panel of the Survey of Income and Program Participation (SIPP). The represented population (population universe) is the civilian noninstitutionalized population living in the United States. The data collected included reports of income, debts, and financial assets. The American Community Survey (ACS) is the source of data on the value of homes (as reported by respondents) for individual states. Income reported in the SIPP in the 4-month collection period is multiplied by 3 to represent annual income.1 Some of the comparisons that follow are based on estimates that are not included in the tables and figures in this report.