Table 1 Occupancy Status of Owner Occupied Single-Family Homes Vacated by Homeowner by Householder Age Group (Counts in parentheses) e

Transcription

1 Table 1 Occupancy Status of Owner Occupied Single-Family Homes Vacated by Homeowner by Householder Age Group (Counts in parentheses) e Status 2 Years Later: New Household, Owner Occupied 69.8% (4,919) b,c 74.6% (703) a,c 64.6% (896) a,b New Household, Renter Occupied 16.3% (1,150) b 12.2% (115) a 14.3% (198) Vacant (for sale or for rent) f 13.9% (980) c 13.2% (124) c 21.1% (292) a,b Total 100.0% (7,049) 100.0% (942) 100.0% (1,386) Notes: Bonferroni post-hoc test (within rows), p <.05: a. different from under 60 age group; b. different from age group; c. different from 70+ age group. e. Observations include the following two-year time periods: , , , , and Summaries for each two-year period are available from the author. f. Sample does not include units that are vacant, but not for sale or rent. These include vacant units held for occasional occupancy or other reasons, such as for settlement of an estate or personal reasons of the owner.

2 Table 2 Duration of Vacancy (in months) of For Sale/For Rent Units by Age of Initial Homeowner 1 st quartile Median nd quartile % > 12 months 6.1% 12.2% 13.0%

3 Table 3 Average Purchase Price of Homes Sold by Age Group Average Purchase Price $234,024 c $239,633 c 192,120 a,b Average Purchase Price per $124 $115 $114 Square Foot Notes: Bonferroni post-hoc test (within rows), p <.05: a. different from under 60 age group; b. different from age group; c. different from 70+ age group.

4 Table 4 Housing Characteristics of Single-Family Homes Vacated by Homeowner Age Housing and Length of Tenure Median Age of Unit 1970 s 1970 s 1950 s % Built Before % c 31.3% c 51.7% a,b % Built After % b,c 20.1% a,c 8.6% a,b Median Length of Tenure (in years) (Interquartile Range) 5 (2 to 9) 13 (5 to 27) 30 (14 to 44) General Physical Deficiencies % with Significant Housing Problem e 2.6% 2.7% 3.4% % with Exterior Deficiencies f % with more than one 18.2% b,c 4.4% 13.3% a 3.2% 14.5% a 3.6% % without Replacement or Addition in Previous Two Years 42.6% b,c 47.0% a,c 58.4% a,b Housing Amenities % Without Central Air Conditioning 26.8% c 29.7% c 37.0% a,b % Without Dishwasher 20.3% c 21.7% c 40.8% a,b % Without Garage or Carport 17.7% 15.8% 18.0% % Less than Two Bathrooms 34.1% c 36.5% c 54.8% a,b % Less than Three Bedrooms 15.6% b,c 19.1% a,c 31.6% a,b Median Home Size (square feet) 1,760 1,896 1,604 Notes: Bonferroni post-hoc test (within rows), p <.05: a. different from under 60 age group; b. different from age group; c. different from 70+ age group. Medians not included in tests. e. As defined by HUD, a unit with a physical housing problem has any of the following problems: significant problems with plumbing or heating, lacks a kitchen, inside or outside water leaks, or a number of interior upkeep problems, such as cracks in walls, holes in floor, pealing paint, or rats. For specific definition, see the U.S. Census Bureau (2009, A-21). f. Nine possible deficiencies, which are (1) holes in roof; (2) sagging or uneven roof; (3) missing materials from roof; (4) missing bricks or siding from outside walls; (5) outside walls that slope or lean; (6) broken windows; (7) holes or cracks in foundation; (8) boarded up windows; and (9) outside water leak.

5 Table 5 Neighborhood Characteristics of Single-Family Home Vacated by Homeowner Average Neighborhood Rating (scale of 1 to 10; 10 is best) 7.9 b,c 8.2 a 8.4 a % with Neighborhood Crime 14.3% c 12.1% 9.9% a % with Bothersome People 4.3% c 3.8% 2.8% a % without Satisfactory Neighborhood Shopping 10.1% c 11.3% 12.9% a % without Satisfactory Neighborhood Transportation 39.9% b 44.2% a,c 37.9% b Within ½ block: % Road Repair Needed 30.2% 27.0% 30.0% % Trash/Junk Accumulation 6.2% 5.6% 5.9% % with Abandoned Building(s) 3.5% 3.1% 2.9% % without Open Space 65.8% c 66.5% c 73.5% a,b Notes: Bonferroni post-hoc test (within rows), p <.05: a. different from under 60 age group; b. different from age group; c. different from 70+ age group. ANOVA and post-hoc bonferroni for neighborhood rating.

6 Table 6 Characteristics of Homeowners who Vacated their Single-Family Home % Black, Non-Hispanic 8.0% 7.3% 6.2% % Hispanic 10.6% b,c 5.6% a,c 3.5% a,b % Without Bachelor s Degree 59.7% b,c 69.4% a,c 81.7% a,b Median Household Income $68,000 $44,536 $20,594 Notes: Bonferroni post-hoc test (within rows), p <.05: a. different from under 60 age group; b. different from age group; c. different from 70+ age group. Medians not included in tests.

7 Table 7 Multinomial Regression Odds Ratio for Unit being Vacant (Relative to Unit Remaining Owner-Occupied with New Household) Model 1 Model 2 Model 3 Model 4 Housing Characteristics and Amenities Length of Tenure 1.010*** 1.010*** Decade Built 1.040** 1.038** 1.044** # Exterior Deficiencies 1.173*** 1.147*** 1.144*** Significant Housing Problem No Central Air No Dishwasher 1.462*** 1.417*** 1.288*** No Garage 1.163* Less than Two Bathrooms Less than Three Bedrooms 1.189** 1.185** 1.150* No Renovation in Prev. 2 Yrs * Median Size (100 square feet) 1.003* Neighborhood Characteristics Neighborhood Self-Rating Crime Present Bothersome People 1.259* Unsatisfactory Ngh. Shopping Unsatisfactory Public Transit *** 1.220*** Within ½ Block: Road Repair Needed 1.226*** 1.152** 1.131* Trash Accumulation 1.540*** 1.383*** 1.355** Abandoned Building(s) 1.539*** No Open Space on Block Initial Householder Characteristics 60 to 69 Years of Age 0.819* 70+ Years of Age 1.551*** Black, Non-Hispanic 1.549*** Hispanic Without Bachelor s Degree 1.199*** Household Income (10,000s) City vs. Suburban Status (base = Central City) Urban Suburb * Rural Suburb U.S. Region (base = South) Northeast 0.586*** 0.768*** 0.578*** 0.614*** Midwest 0.753*** 0.810*** 0.706*** 0.733*** West 0.789*** 0.710*** 0.756*** 0.776*** Intercept (coefficient) *** *** *** *** Pseudo R-Square (Cox & Snell) n 8,778 8,496 8,080 8,080 Note: *** P-value <.01, ** p-value <.05; * p-value <.10.

8 Table 8 Multinomial Regression Odds Ratio for Unit Transitioning to Rental (Relative to Unit Remaining Owner-Occupied with New Household) Model 1 Model 2 Model 3 Model 4 Housing Characteristics and Amenities Length of Tenure 0.990*** 0.991*** 0.994* Decade Built 1.088*** 1.079*** 1.087*** # Exterior Deficiencies Significant Housing Problem 1.512** 1.579** 1.532** No Central Air No Dishwasher 1.640*** 1.521*** 1.316*** No Garage 1.409*** 1.407*** 1.355*** Less than Two Bathrooms 1.217** 1.254*** 1.240** Less than Three Bedrooms 1.303*** 1.322*** 1.398*** No Renovation in Prev. 2 Yrs ** 1.192** 1.181** Median Size (100 square feet) 0.986*** 0.986*** 0.987*** Neighborhood Characteristics Neighborhood Self-Rating 0.947*** Crime Present Bothersome People Unsatisfactory Ngh. Shopping 1.235** Unsatisfactory Public Transit 0.806*** Within ½ Block: Road Repair Needed 1.293*** 1.219*** 1.177** Trash Accumulation Abandoned Building(s) 1.684*** No Open Space on Block Initial Householder Characteristics 60 to 69 Years of Age 0.736** 70+ Years of Age Black, Non-Hispanic 1.639*** Hispanic 1.727*** Without Bachelor s Degree 1.183** Household Income (10,000s) City vs. Suburban Status (base = Central City) Urban Suburb 0.805*** 0.734*** 0.849** 0.871* Rural Suburb 0.797** 0.696*** 0.792** U.S. Region (base = South) Northeast 0.404*** 0.557*** 0.391*** 0.423*** Midwest 0.621*** 0.705*** 0.594*** 0.631*** West 1.323*** 1.168* 1.310*** 1.323*** Intercept (coefficient) *** *** *** *** Pseudo R-Square (Cox & Snell) n 8,778 8,496 8,080 8,080 Note: *** P-value <.01, ** p-value <.05; * p-value <.10.

9 Table A.1 Housing Characteristics of Single-Family Homes NOT Vacated by Homeowner Age of Homeowner Age Housing and Length of Tenure Median Age of Unit 1970 s 1960 s 1950 s % Built Before % b,c 35.4% a,c 51.0% a,b % Built After % b,c 14.0% a,c 8.8% a,b Median Length of Tenure (in years) (Interquartile Range) 7 (3 to 13) 20 (8 to 31) 32 (16 to 43) General Physical Deficiencies % with Significant Housing Problem e 2.7% c 2.6% c 3.6% a,b % with Exterior Deficiencies f % with more than one 20.3% b,c 4.7% b,c 16.8% a,c 3.8% a,c 14.6% a,b 2.8% a,b % without Replacement or Addition in Previous Two Years 38.0% b,c 43.2% a,c 50.7% a,b Housing Amenities % Without Central Air Conditioning 29.2% b,c 32.4% a,c 36.6% a,b % Without Dishwasher 21.9% b,c 26.9% a,c 37.6% a,b % Without Garage or Carport 17.1% b 18.4% a 17.7% % Less than Two Bathrooms 34.2% b,c 41.5% a,c 51.3% a,b % Less than Three Bedrooms 12.7% b,c 17.2% a,c 26.2% a,b Median Home Size (square feet) 1,900 1,840 1,750 Notes: Bonferroni post-hoc test (within rows), p <.05: a. different from under 60 age group; b. different from age group; c. different from 70+ age group. Medians not included in tests. e. As defined by HUD, a unit with a physical housing problem has any of the following problems: significant problems with plumbing or heating, lacks a kitchen, inside or outside water leaks, or a number of interior upkeep problems, such as cracks in walls, holes in floor, pealing paint, or rats. For specific definition, see the U.S. Census Bureau (2009, A-21). f. Nine possible deficiencies, which are (1) holes in roof; (2) sagging or uneven roof; (3) missing materials from roof; (4) missing bricks or siding from outside walls; (5) outside walls that slope or lean; (6) broken windows; (7) holes or cracks in foundation; (8) boarded up windows; and (9) outside water leak.

10 Table A.2 Neighborhood Characteristics of Single-Family Home NOT Vacated by Homeowner Age of Homeowner Average Neighborhood Rating (scale of 1 to 10; 10 is best) 8.2 b,c 8.3 a,c 8.5 a,b % with Neighborhood Crime 13.3% c 12.4% c 10.7% a,b % with Bothersome People 3.9% c 3.8% c 2.9% a,b % without Satisfactory Neighborhood Shopping 10.3% b,c 12.3% a,c 13.7% a,b % without Satisfactory Neighborhood Transportation 43.0% 43.0% 42.3% Within ½ block: % Road Repair Needed 31.8% c 31.2% 29.9% a % Trash/Junk Accumulation 5.9% 5.6% 5.5% % with Abandoned Building(s) 3.3% c 3.2% 2.9% a % without Open Space 62.4% b,c 65.1% a,c 70.0% a,b Notes: Bonferroni post-hoc test (within rows), p <.05: a. different from under 60 age group; b. different from age group; c. different from 70+ age group. ANOVA and post-hoc bonferroni for neighborhood rating.