The U.S. Housing Market Outlook in 6 Charts

4. Credit standards are much better today, resulting in very low delinquency rates compared to pre-crisis. Delinquency rates in the three years preceding the crisis were over 600 basis points. Last year, delinquency rates were 21 basis points.

Serious Deliquency rate by origination year

5. Household debt service as a percentage of income is near multi-decade lows. Whereas wage growth hasn’t been off to the races, household balance sheets are strong.

6. After the personal savings rate bottomed out in 2005 at 2.2%, consumers are tucking away more and more of their income for future consumption. The personal savings rate currently sits at 6.2%.

Personal savings rate

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This article was written by the team at Sage Advisory, a participant in the ETF Strategist Channel.