BLS Issues Major Housing Report

Housing before, during and after the Great Recession.

In the introduction to the new report on the U.S. housing market, U.S. Bureau of Labor Statistics economist Demetrio M. Scopelliti writes, "Homeownership symbolizes the American dream. The home we live in often represents how we choose to live our lives. As Winston Churchill once said, 'We shape our dwellings, and afterwards our dwellings shape us.'"

"As the 2000s unfolded, economic growth and public policies designed to increase homeownership led to a housing boom. By 2006, the “housing bubble” began to burst. In late 2007, the economy fell into recession. The housing market continued to soften, people began to lose their jobs, and the banking industry was in crisis."

"This Spotlight on Statistics looks at consumer expenditures on household items, employment in residential construction and housing-related industries, prices for household items and commodities, and injuries in occupations involved in building and maintaining our homes."

The report is packed with easily digestible charts and covers:

  • Expenditures on housing by expense type
  • Housing expenditures from 2006 to 2012
  • Expenditures on housing by area
  • Rent vs. own cost comparisons
  • The jobs impact of the recession
  • Residential construction employment by state 
  • Residential contractors by state
  • Employment and wages in housing-related industries
  • Quits, layoffs and discharges in construction industries
  • Employment projections in housing-related industries
  • Average weekly time spent on housekeeping and maintenance
  • Consumer Price Indexes for housing
  • Producer Price Index for residential construction
  • Construction industry safety and fatalities

Click here to download the entire report.