Table 2. Characteristics of Homebuyers, 1991–99
| Homebuyers |
1991
|
1992
|
1993
|
1994
|
1995
|
1996
|
1997
|
1998
|
1999
|
Total
|
|---|---|---|---|---|---|---|---|---|---|---|
|
First-time homebuyers
|
||||||||||
|
White
|
1,072,091 | 1,446,461 | 1,251,955 | 1,487,077 | 1,377,769 | 1,423,577 | 1,376,657 | 1,448,883 | 1,508,605 | 12,393,075 |
|
Minority
|
347,287 | 420,058 | 442,100 | 585,474 | 545,309 | 556,749 | 689,375 | 591,700 | 838,475 | 5,016,527 |
|
Total
|
1,419,378 | 1,866,519 | 1,694,055 | 2,072,551 | 1,923,078 | 1,980,326 | 2,066,032 | 2,040,583 | 2,347,080 | 17,409,602 |
|
All homebuyers
|
||||||||||
|
White
|
3,217,084 | 4,214,800 | 3,670,703 | 4,421,257 | 3,843,499 | 3,854,958 | 3,990,524 | 4,036,225 | 4,370,333 | 35,619,383 |
|
Minority
|
639,993 | 790,326 | 764,574 | 981,262 | 877,282 | 903,964 | 1,163,022 | 990,244 | 1,262,540 | 8,373,207 |
|
Total
|
3,857,077 | 5,005,126 | 4,435,277 | 5,402,519 | 4,720,781 | 4,758,922 | 5,153,546 | 5,026,469 | 5,632,873 | 43,992,590 |
|
First-time homebuyers'
share (%)
|
||||||||||
|
White
|
33 | 34 | 34 | 34 | 36 | 37 | 34 | 36 | 35 | 35 |
|
Minority
|
54 | 53 | 58 | 60 | 62 | 62 | 59 | 60 | 66 | 60 |
|
Total
|
37 | 37 | 38 | 38 | 41 | 42 | 40 | 41 | 42 | 40 |
|
Reference series (all
homebuyers)*
|
3,903,000 | 4,342,000 | 4,711,000 | 4,907,000 | 4,798,000 | 5,291,000 | 5,522,000 | 6,230,000 | 6,423,000 | 46,127,000 |
*Summation of manufactured homes placed
for residential use, new single-family home sales, and existing single-family
home sales.
Source: American Housing Survey (1991, 1993, 1995, 1997, 1999); U.S. Census Bureau; NATIONAL ASSOCIATION OF REALTORS®