Housing tenure in the context of Home-ownership

An apartment (North American English), flat (British English, Indian English, South African English), tenement (Scots English), or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that occupies part of a building, generally on a single story. There are many names for these overall buildings (see below). The housing tenure of apartments also varies considerably, from large-scale public housing, to owner occupancy within what is legally a condominium (strata title or commonhold) or leasehold, to tenants renting from a private landlord.
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Home construction, housing construction, or residential construction is the process of constructing a house, apartment building, or similar residential building generally referred to as a 'home' when giving consideration to the people who might now or someday reside there. Beginning with simple pre-historic shelters, home construction techniques have evolved to produce the vast multitude of living accommodations available today. Different levels of wealth and power have warranted various sizes, luxuries, and even defenses in a "home". Environmental considerations and cultural influences have created an immensely diverse collection of architectural styles, creating a wide array of possible structures for homes.

The cost of housing and access to it is often controlled by the modern realty trade, which frequently has a certain level of market force speculation. The level of economic activity in the home-construction section is reported as housing starts, though this is contrarily denominated in terms of distinct habitation units, rather than distinct construction efforts. 'Housing' is also the chosen term in the related concepts of housing tenure, affordable housing, and housing unit (aka dwelling). Four of the primary trades involved in home construction are carpenters, masons, electricians and plumbers, but there are many others as well.

An apartment (North American English), flat (British English, Indian English, South African English) or unit (Australian English), is a self-contained housing unit that occupies part of a building. The housing tenure of apartments also varies considerably, from large-scale public housing, to owner occupancy within what is legally a condominium (strata title or commonhold) or leasehold, to tenants renting from a private landlord. The buildings that contain apartments may be called different things depending on size or country (see below).

Housing in the United States comes in a variety of forms and tenures. The rate of homeownership in the United States, as measured by the fraction of units that are owner-occupied, was 64% as of 2017.

Housing in the United States is heavily commodified, and when viewed as an economic sector, contributes to 15% of the gross domestic product. The amount of public housing is capped via the Faircloth Limit, and when available can only be offered to households meeting certain eligibility requirements.

Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. The home can be a house, such as a single-family house, an apartment, condominium, or a housing cooperative. In addition to providing housing, owner-occupancy also functions as a real estate investment.

Strata title is a form of ownership and housing tenure devised for multi-level apartment blocks and horizontal subdivisions with shared areas. The word "strata" refers to apartments on different levels.

Strata title was first introduced in 1961 in the state of New South Wales, Australia, to better cope with the legal ownership of apartment blocks. Previously, the only adequate method of dividing ownership was company title, which had a number of defects, such as the difficulty of instituting mortgages. This term also applies to house-type strata title units in Australia.

A housing cooperative, or housing co-op, is a legal entity which owns real estate consisting of one or more residential buildings. The entity is usually a cooperative or a corporation and constitutes a form of housing tenure. Typically housing cooperatives are owned by shareholders but in some cases they can be owned by a non-profit organization. They are a distinctive form of home ownership that have many characteristics that differ from other residential arrangements such as single family home ownership, condominiums and renting.

Housing cooperatives fall into two general tenure categories: non-ownership (referred to as non-equity or continuing) and ownership (referred to as equity or strata). In non-equity cooperatives, occupancy rights are sometimes granted subject to an occupancy or membership agreement, which is similar to a lease. In equity cooperatives, occupancy rights are sometimes granted by way of purchase agreements and legal instruments registered on the title. The corporation's articles of incorporation and bylaws together with the occupancy agreement specify the cooperative's rules.