Why Use This Data Source In Your Models?
Total units owned with a mortgage or loan describes area occupants' ability and desire to purchase a housing unit. This is indicative of the overall economic situation, availability of loans, housing market prices, and occupant's desire to remain long-term.
Housing Tenure - Mortgage or Loan
US Census Bureau
2010 Census - Households
Point in Time 2010
The data shows auto correlation, seasonality and a non-normal distribution. The data should be differenced and seasonally adjusted. While the Order Norm transformation, provides the best normality, the Boxcox variable will also perform well.
Data is unable to be distributed by time or geography. The roll up method used is Sum.
The Shapiro-Wilk test returned W = 0.96 with a p-value =0.00 indicating the data does not follow a normal distribution.
A skewness score of 0.04 indicates the data are fairly symmetrical.
Hartigan's dip test score of 0.01 with a p-value of 0.00 inidcates the data is multimodal
2010 is the most recent Census data being reported.
US Census Bureau, Total Housing Units Owned with a Mortgage or a Loan [H004002], https://www.socialexplorer.com/data/C2000/metadata/?ds=SF1&var=H004002
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