New Data Show Rising Level of Single-Person Households

Jan 13, 2020

The Fannie Mae Home Purchase Sentiment Index (HPSI) declined for the second consecutive month

The concept of the traditional household is eroding with a new report charting an increase in single-person households.

According to a Point2 Homes analysis covering 2008 and 2018, the share of single-person households increased in 83 of the 200 biggest cities. The largest percentages were recorded in North Las Vegas, Nev. (44.3 percent), Frisco, Texas (35.4 percent) and Sunrise Manor, Nev. (32.3 percent). Fifteen large cities have a share of single-person households over 40 percent, compared to the 28 percent national average, while 98 other cities recorded a share between 30 percent and 40 percent.

However, most of these single-person households were renter-occupied, with only four cities recording more single homeowners than single renters: Augusta, Ga., Garden Grove, Calif., Alexandria, Va., and Salinas, Calif. In 25 of the 200 cities analyzed, condominiums accounted for more than half of the total number of owner-occupied dwellings for the single-person households, most notably in New York City (70.8 percent), Boston (69.2 percent), and Arlington, Va. (64.4 percent).

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Phil Hall

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Jan 13, 2020

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