WASHINGTON, June 13, 2017 — Following is the daily “Profile America” feature from the U.S. Census Bureau:
HELP FOR HOMEOWNERS
Profile America — Tuesday, June 13th. The American dream of owning — and keeping — a home got a lifeline on this date in 1933 with passage of the Homeowners Loan Act. The act provided emergency relief in the depths of the Great Depression, helping homeowners ward off foreclosure. The act also created a system of federal savings associations to facilitate home construction, consumer savings, and affordable mortgage lending. At the time, less than half of the country’s homes were owner-occupied. Today, owners live in nearly 56 percent of America’s 136 million housing units. Another 31.7 percent are rented. Current homeownership stands at 63.7 percent, down from a peak in 2004 of 69.2 percent. You can find more facts about America from the U.S. Census Bureau online at www.census.gov.
Homeowners Loan Act/accessed 3/30/2017:
Purposes/accessed 3/30/2017: http://loanworkout.org/2007/12/home-owners-loan-act-of-1933-will-our-government-repeat-the-mistakes-of-the-past/
1930s home ownership: Historical Statistics of the United States: Colonial Times to 1970, p. 646: https://www2.census.gov/library/publications/1975/compendia/hist_stats_colonial-1970/hist_stats_colonial-1970p2-chN.pdf
Current home ownership and occupancy/pages 4 & 5: www.census.gov/housing/hvs/files/currenthvspress.pdf
Profile America is produced by the Center for New Media and Promotion of the U.S. Census Bureau. Statistics and accounts drawn from cited non-Census sources are employed for illustrative or narrative purposes, and are not attested to by the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for “Audio” in the “Library” pull-down menu).
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-census-bureau-daily-feature-for-june-13-help-for-homeowners-300472510.html
SOURCE U.S. Census Bureau