Influence Of Socio-Economic Indices On Home Ownership In Akure

The promotion of homeownership is often accorded a great deal of policy attention by governments of many countries. This is because housing is one of the three basic needs of mankind and it is the most important for the physical survival of man after the provision of food. Unfortunately, housing programmes and policy making have failed to incorporated socio-economic indices of the people. However, housing problems is beyond the qualitative and quantitative problems which has always been the indices used by policy makers in solving housing problems in Nigeria. Therefore, this study identified the socio-economic characteristics and indices and their influence on housing ownership in Akure. Descriptive statistics in the form of percentages and weighted mean scores and inferential statistics of logistic regression and correlation analysis were used to analyse data. It was discovered that income level, occupation, family size, education, in that order among other indices, as variables are more relevant than gender, finance, religion and tribe which are less relevant to housing ownership among other findings. The study concluded among other recommendations that socio-economic indices should be taken more seriously in housing planning and development in Nigeria.