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Housing Headlines

Dream Builders : Episode DRB-102 -- More Projects »
Some interesting housing statistics:
  • Owning a home is less expensive than renting... as long as mortgage interest and property taxes remain tax-deductible. Without these deductions, it would cost less to own a home in only one market: Oklahoma City.
  • According to the Federal National Mortgage Association, over 85 percent of potential homeowners would sacrifice vacations, newer cars, and short commutes to own a home.
  • In 1995, 1.7 million people became homeowners -- the largest single increase in home ownership in two decades. However, most construction occurred in the suburbs. With inner-city residential construction at a standstill, rents continue to rise while neighborhoods deteriorate.
  • The average home buyer spends $6,500 decorating and furnishing a home in the first year of ownership.
  • 28 million taxpayers claim mortgage interest deductions each year.
  • The typical single-family home weighs 339,000 pounds.
Also in this Episode
Dream Builders : Episode DRB-102
•Levittown Revisited
•Water Heater Settings
•Barn Again
•Mystery House
•Women Designers
•Housing Headlines
•Cool Building Stuff
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