Data released today by the American Housing Survey confirms what Pittsburghers already know. We have a lot of old housing stock and we don't pay too much to live in it.
The survey, conducted by the U.S. Census Bureau for the Department of Housing and Urban Development, is designed to give government and business officials a deep trove of data to mine for planning, policy-making and market research. National data are collected in odd-numbered years. The figures are from 2011, and metropolitan figures are compiled on a rotating basis.
Median price for a home in the Pittsburgh metro area in 2011.
Median price for a home nationwide in 2011.
Median price of homes built here in the past four years.
Median price of homes built nationwide in the past four years.*
* Not statistically significant
The Pittsburgh area includes the following counties: Allegheny, Armstrong, Beaver, Butler, Fayette, Washington and Westmoreland.
"From the American Housing Survey, we can see why people chose to move, how often homes need repairs, and the extent to which housing costs are outpacing income growth. All this information can help inform policymaking around continued recovery in Pittsburgh and other metropolitan areas," said Kurt Usowski, deputy assistant secretary for economic affairs for HUD.
More information: www.census.gov/housing/ahsbusinessnews - yourbiz