Higher share of consumer expenditures going to homeowner expenses
December 08, 1998
The share of annual expenditures allocated to owned dwelling (or homeowner) expenses--mortgage interest and charges; property taxes; and maintenance, repairs, and insurance--increased from 1989 to 1995. In 1989, 10.3 percent of total expenditures went to owned dwelling expenses; by 1995, that figure had risen to 11.6 percent.
Each of the three spending components in the owned dwelling category increased its share of total expenditures during the period. The total share for property taxes increased the most, up eight-tenths of a percentage point.
Mortgage interest payments and charges, the largest component of the category, increased its share by almost three-tenths of a percentage point. Maintenance, repairs, and insurance expenditures also increased its share by three-tenths of a percentage point during the period.
These data are a product of the BLS Consumer Expenditure Survey. Additional information is available from "Owned Dwelling Expenditures by Region", Report 924, October 1998.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Higher share of consumer expenditures going to homeowner expenses on the Internet at http://www.bls.gov/opub/ted/1998/dec/wk2/art02.htm (visited October 10, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.