Summary

 

Exhibit 1. Multifamily Housing Completions: 1970–2002
Year Total Completions Condos or Co-ops %
1970 526,000  72,500 14
1971 583,400  49,100  8
1972 718,200  57,300  8
1973 774,800  98,100 13
1974 685,400 159,000 23
1975 371,400  84,600 23
1976 258,200  46,300 18
1977 289,400  43,000 15
1978 362,700  54,500 15
1979 439,300  91,800 21
1980 418,900 122,800 29
1981 332,500 112,600 34
1982 288,200 107,900 37
1983 370,700 111,800 30
1984 506,000 143,600 28
1985 533,300 135,800 25
1986 550,200 101,700 18
1987 474,200  92,300 19
1988 388,600  76,200 20
1989 337,900  59,700 18
1990 294,400  52,600 18
1991 216,500  35,300 16
1992 155,200  31,100 20
1993 124,800  32,000 26
1994 154,900  34,400 22
1995 212,400  36,400 17
1996 251,300  36,900 15
1997 247,100  35,800 15
1998 273,900  34,500 13
1999 291,800  34,200 12
2000 300,000  35,700 12
2001 281,000  45,800 16
2002 288,200  37,300 13

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Exhibit 2. Number of Condos and Co-ops
Unit Owned Rented Owned and Rented
Condo or co-op   3,805,560   1,517,442    5,323,002
Other 68,559,456 32,524,492 101,083,948
Total 72,365,016 34,041,934 106,406,950

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Exhibit 3. Percentage Distribution of Housing Units, by Region and Metropolitan Status
Characteristic Condo or Co-op Other Housing Units
Rented Owned
Region      
   Northeast 24.3 21.4 17.7
   Midwest 17.6 20.2 25.3
   South 30.1 33.4 37.4
   West 28.1 25.0 19.7
Metropolitan status      
   Central city of MSA 36.5 45.2 21.9
   Inside MSA, not central city 61.2 46.9 59.6
   Outside MSA, rural 2.3 7.9 18.5
MSA = metropolitan statistical area. Percentages may not total 100 because of rounding.

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Exhibit 4. Condos and Co-ops in Selected Metropolitan Statistical Areas
MSA Condo or Co-op ( n ) All
Housing Units ( n ) 		% in MSA % in U.S.
New York City, NY 480,416 3,251,114 14.8 9.0
Los Angeles-Long Beach, CA 251,282 3,065,836 8.2 4.7
Chicago, IL 212,632 2,090,875 10.2 4.0
Miami-Hialeah, FL 155,301 793,480 19.6 2.9
Washington, DC-MD-VA 150,765 1,179,700 12.8 2.8
Fort Lauderdale-Hollywood, FL 136,333 561,806 24.3 2.6
Detroit, MI 120,604 1,737,306   6.9 2.3
San Diego, CA 113,723 972,903 11.7 2.1
Anaheim-Santa Ana (Orange County), CA 97,466 877,276 11.1 1.8
Philadelphia, PA-NJ 93,096 1,791,065   5.2 1.7
Tampa-St. Petersburg-Clearwater, FL 90,739 708,007 12.8 1.7
West Palm Beach-Boca Raton, FL 87,159 307,059 28.4 1.6
Phoenix, AZ 84,559 922,054   9.2 1.6
Northern New Jersey, NJ 84,270 456,469 18.5 1.6
San Francisco, CA 83,531 661,344 12.6 1.6
Houston, TX 80,254 1,013,796 7.9 1.5
Seattle, WA 79,959 793,385 10.1 1.5
Oakland, CA 78,898 873,372   9.0 1.5
Boston, MA 77,634 985,957   7.9 1.5
San Jose, CA 60,139 561,985 10.7 1.1
Honolulu, HI 59,500 242,251 24.6 1.1
Percentages may not total 100 because of rounding.

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Exhibit 5. Percentage Distribution of Households, by Structure Type, Year Built, and Number of Stories, Rooms, Bedrooms, and Bathrooms
Characteristic Condo or Co-op Other Housing Units
Rented Owned
Structure type      
Single-family, detached   6.7 24.0 86.1
Single-family, attached 30.4 10.1   3.6
Multifamily (number of units)      
2–4 10.7 20.3   1.4
5–9 11.7 13.2   0.1
10–19 12.8 11.8   0.0
20–49 11.0   8.2   0.0
50+ 16.0   8.6   0.1
Manufactured home   0.8   3.8   8.7
Stories      
1 17.0 29.0 45.4
2 37.0 36.6 30.7
3 22.0 21.5 21.4
4   5.0   4.1   1.3
5   3.8   2.2   0.7
6+ 15.2   6.6   0.5
Year built      
1919 or earlier   2.5 10.4   7.5
1920–29   2.1   6.1   4.1
1930–39   1.5   7.1   4.9
1940–49   2.5   7.6   6.9
1950–59   4.8 10.3 13.0
1960–79 40.9 34.0 32.3
1980–89 27.1 14.5 12.7
1990–99 15.7   8.6 15.9
2000 or later   2.9   1.4   2.8
Rooms      
1   0.6   1.1   0.0
2   1.3   2.7   0.1
3   12.5 22.9   1.0
4   33.3 34.7   8.7
5   30.5 22.3 23.3
6   14.5 10.5 27.1
7   4.2   3.6 18.5
8   1.5   1.2 11.2
9   0.8   0.4   5.2
10+   0.8   0.6   4.9
Bedrooms      
0   1.2   2.3   0.0
1 19.2 30.0   1.8
2 56.0 42.5 18.3
3 21.0 20.7 54.0
4+   2.6   4.6 25.9
Bathrooms      
0   0.5   1.2   0.4
1 32.1 70.6 25.5
1.5 16.9 10.0 18.1
2+ 50.6 18.3 55.9
Percentages may not total 100 because of rounding.

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Exhibit 6. Percentage Distribution of Opinions on Housing Units
Opinion Condo or Co-op Other Housing Units
Rented Owned
Housing adequacy      
Adequate 94.0 89.1 95.9
Moderately inadequate   4.0   7.5  2.8
Severely inadequate   2.0   3.5   1.3
Housing unit (scale of 1–10, 10 being the highest opinion)      
1–4   2.0   6.0   1.4
5–7 23.6 37.7 20.3
8–10 74.4 56.3 78.3
Neighborhood (scale of 1–10, 10 being the highest opinion)      
1–4   3.0   7.6   3.0
5–7 26.3 35.0 23.2
8–10 70.7 57.4 73.8
Percentages may not total 100 because of rounding.

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Exhibit 7. Percentage Distribution of Households, by Composition
Household Characteristic Condo or Co-op Other Housing Unit
Rented Owned
Family type      
Husband-wife family 34.6   27.5   63.9  
Other family, male householder 2.9 5.3 3.4
Other family, female householder 9.8 19.2   9.4
Nonfamily, male householder 20.6   24.8   9.9
Nonfamily, female householder 32.0   23.3   13.4  
Race/ethnicity      
White 82.0   66.9   86.4  
Black 8.6 20.7   8.9
American Indian, Aleut, or Eskimo 0.4 0.9 0.4
Asian or Pacific Islander 6.1 4.4 2.3
Other 2.8 7.0 1.9
Hispanic origin      
Hispanic 8.7 15.0   6.5
Non-Hispanic 91.3   85.0   93.5  
Number of people      
1 44.6   37.4   19.9  
2 36.0   26.8   35.1  
3 9.4 15.5   17.0  
4 6.7 11.4   16.9  
5 2.3 5.3 7.3
6 0.7 2.1 2.4
7 0.3 1.4 1.4
Age of householder      
<25 5.4 14.5   1.8
25–29 8.3 14.5   4.4
30–34 8.4 14.1   7.9
35–44 19.4   22.1   22.9  
45–64 30.7   22.5   39.2  
65+ 27.9   12.4   23.8  
Annual income ($)      
<5,000 5.7 8.8 4.2
5,000–9,999 5.0 10.4   3.8
10,000–14,999 7.2 9.9 5.0
15,000–19,999 5.4 9.0 5.2
20,000–24,999 4.4 9.3 5.5
25,000–29,999 7.0 8.2 5.7
30,000–34,999 6.7 8.1 5.9
35,000–39,999 6.1 6.3 4.8
40,000–49,999 10.5   9.4 9.1
50,000–59,999 8.5 6.4 8.6
60,000–79,999 11.4   7.8 14.4  
80,000–99,999 7.7 2.9 9.8
100,000–119,999 4.1 1.3 5.6
120,000+ 10.2   2.4 12.4  
Percentages may not total 100 because of rounding.

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Exhibit 8. Percent Distribution of Households, by Monthly Housing Cost and Housing Cost Burden
Characteristic Condo or Co-op Other Housing Units
Rented Owned
Monthly housing cost ($)      
<100 2.6 4.1 1.1
100–199 3.8 5.6 7.1
200–249 3.0 2.8 5.7
250–299 4.1 2.9 5.5
300–349 3.7 3.3 5.1
350–399 3.8 4.3 4.4
400–449 4.0 5.7 3.8
450–499 3.7 6.3 3.3
500–599 8.0 14.1 6.7
600–699 8.9 13.6 6.0
700–799 8.6 10.8 5.6
800–999 13.6 13.4 10.5
1,000–1,249 11.7 6.7 10.3
1,250–1,499 7.3 2.8 8.0
1,500+ 13.1 3.6 16.9
Housing cost burden (%)      
Negative or zero income 3.1 4.2 2.0
0–5 5.1 1.3 6.4
5–9 11.2 3.6 15.2
10–14 13.2 8.8 16.2
15–19 11.6 12.5 14.9
20–24 10.5 12.7 11.9
25–29 10.8 11.4 8.2
30–34 7.9 8.2 6.1
35–39 4.9 6.4 4.0
40–49 6.1 8.7 4.8
50–59 3.8 5.4 2.8
60–69 2.4 3.7 1.7
70–99 3.7 5.2 2.2
100+ 5.6 8.0 3.6
Percentages may not total 100 because of rounding.

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