According to the Federal Reserve Board’s first quarter of 2016 release of its Financial Accounts of the United States report, household holdings of real estate, measured on a not seasonally adjusted basis, totaled $22.524 trillion in the first quarter of 2016, $1.140 trillion higher than its level in the first quarter of 2015, $21.113 trillion. At the same time, home mortgage debt outstanding, $9.511 trillion in the first quarter of 2016, rose by $136.4 billion over the same four-quarter period. Since the total value of household-held real estate rose faster than the aggregate amount of mortgage debt outstanding, then home equity held by households grew. Over the year, total home equity held by households grew by $1.275 trillion, 10.9%, to $13.014 trillion. Household’s home equity is now 57.8% of household real estate.
Read more at NAHB Eye On Housing
