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U.S. Census Bureau Daily Feature for June 14

WASHINGTON, June 14, 2015 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:

U.S. Census Bureau

HELP FOR HOMEOWNERS

Profile AmericaSunday, June 14th. The American dream of owning — and keeping — a home got a lifeline this week 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, their owners live in a bit over 55 percent of America's 133.5 million housing units. Another 31 percent are rented. The rest are vacant or seasonal housing. Current home ownership stands at 63.7 percent, down from a peak in 2004 of 69.2 percent. Profile America is in  its 19th year as a public service of the U.S. Census Bureau.

Sources:
Homeowners Loan Act: http://www.research.archives.gov/description/299833 
Purposes: http://loanworkout.org/2007/12/home-owners-loan-act-of-1933-will-our-government-repeat-the-mistakes-of-the-past/ 
First federal S&L: http://historymiamiarchives.org/guides/?p=collections/findingaid&id=3&q=&rootcontentid=47 
1930s home ownership: Historical Statistics of the United States: Colonial Times to 1970, p. 646
Current home ownership and occupancy: http://www.census.gov/housing/hvs/files/qtr115/currenthvspress.pdf

Profile America is produced by the Center for New Media and Promotions of 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 "Multimedia Gallery" by the "Newsroom" button). 

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-census-bureau-daily-feature-for-june-14-300094895.html

SOURCE U.S. Census Bureau

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