Key takeaways
- Year structure built by tenure cross-tabulates when a housing unit was built, in ranges such as before 1939 or 2010 or later, by whether it is owner-occupied or renter-occupied.
- Year structure built by tenure shows whether older or newer housing is mostly owned or rented, which points to differences in housing stability and investment patterns.
- Year structure built by tenure lets marketers match offers to homes, such as renovation loans for owners of older homes or smart home technology for renters in newer buildings.
Definition
A cross-tabulation showing the year a housing unit was built (e.g., before 1939, 2010 or later), categorized by whether it is owner-occupied or renter-occupied.
Why It Matters
Reveals if older or newer housing stock is predominantly owned or rented. This highlights differences in housing stability, investment patterns, and the characteristics of owner vs. renter properties by age.
Specific Relevance for Professionals:
Marketers
Enables precise targeting for services. For example, promoting renovation loans to owners of older homes, or smart home technology to renters in newer buildings, aligning offerings with tenure and housing age.
Researchers
Fundamental for studying housing market dynamics, investment in rental properties vs. owner-occupied homes by age of structure, and the impact of housing age on residential stability for different tenure types.
Consultants
Useful for advising real estate developers on market segments for renovation projects (older owned homes) or new rental constructions.
Public Policy Workers
Important for informing housing policies related to maintaining older housing stock, encouraging new construction, and understanding housing affordability challenges for renters in older versus newer buildings.
