The economic numbers have reported that home sales continue to surge! Single Women are leading the home buyer surge in recent years. (Photo: Adina Voicu- Pixabay)
"Sales of new single-family houses in May 2020 were at a seasonally adjusted annual rate of 676,000", according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
Yes, you heard that right. Single women own 1.5 million more homes to be exact than single men.
Per Realtor Magazine and Lending Tree on January 23, 2020, "Single women are outpacing single men when it comes homeownership, a new study by LendingTree shows. In some metros, single women are achieving double-digit percentages in ownership.
For example, in the New York metro area, single women own 13.3% of owner-occupied homes, whereas single men own 7.9%. In San Francisco, single women comprise 12.1% of the market share compared to single men’s 7.6%.
Single Women Own More Homes Than Single Men
Photo: Igor Link from Pixabay
Single women own about 1.5 million more homes than single men do in the nation’s 50 largest metros (5.1 million versus men’s 3.5 million), according to LendingTree’s analysis.
The following metro areas have the largest share of single-women homeowners:
Tampa, Fla.
- Households owned and occupied by single women: 16.4%
- Households owned and occupied by single men: 11.5%
New Orleans
- Households owned and occupied by single women: 16.1%
- Households owned and occupied by single men: 10.9%
Buffalo, N.Y.
- Households owned and occupied by single women: 16.1%
- Households owned and occupied by single men: 10.2%
The metros with the widest gender gap between single homeowners are Richmond, Va. (where the gender gap between single women and men households is 7.1 percentage points); Buffalo, N.Y. (5.8 percentage points); and Sacramento, Calif. (5.8 percentage points)."
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