Tag Archive for ‘homeownership’

Homeownership Rates by Minority Groups

The homeownership rate for “all minorities” increased to 47.4 percent in the second quarter of 2018, up 0.6 percent from the same time last year (46.8 percent). This increase helped boost the overall homeownership rate to 64.3 percent, also up 0.6 percent from the second quarter of 2017 (Figure 1). A recent NAHB blog covers the overall homeownership rate in… Read More ›

Homeownership Rate Stable at 64%

According to the Census Bureau’s Housing Vacancy Survey (HVS), the U.S. homeownership rate was 64.2% in the first quarter 2018, which is statistically no different from its last quarter reading. The rate of homeownership appears to be on a sustainable upward trend after reaching a cycle low of 62.9% in the second quarter of 2016. Compared to the peak of… Read More ›

Younger Households More Likely to Have Auto Loans than Mortgages

Homeownership provides a distinct advantage for wealth accumulation. Although many households desire to purchase a home, the share of households living in owner-occupied housing remains low, following a steep decline associated with the Great Recession. Younger households, those under the age of 35, experienced the biggest declines in homeownership, although recent evidence suggests that the homeownership rate among these households… Read More ›

Hispanic or Latino Homeownership Rates by County

Homeownership is an important driver of wealth creation in the US, with owner-occupied housing accounting for more than a quarter of assets among US households. When examining homeownership across different demographic groups, rates vary significantly, indicating that the economic and financial benefits of homeownership do not reach everyone. A recently released NAHB special study explores the geographic differences in homeownership… Read More ›

Black Homeownership Rates by County

Homeownership has been and continues to be an important driver of wealth creation in the US, with owner-occupied housing accounting for almost a quarter of assets among US households. When examining homeownership across different demographic groups, rates vary significantly, indicating that the economic and financial benefits of homeownership do not reach everyone. A recently released NAHB special study explores the geographic… Read More ›

Homeownership is Key to Household Wealth

According to the 2016 Survey of Consumer Finances (SCF), nationally, the primary residence represents the largest asset category on the balance sheets of households in 2016 (as shown in Figure 1 below). At $24.2 trillion, the primary residence accounted for about one quarter of all assets held by households in 2016, surpassing other financial assets1 (20%), business interests (20%) and… Read More ›

Fourth Quarter Gains in Homeownership by Race and Ethnicity

As described in a previous post, a recent release from the Census Bureau’s Housing Vacancy and Homeownership (CPS/HVS) survey shows that the US homeownership rate increased to 64.2 percent in the fourth quarter of 2017. In addition to this overall result, unpublished tables from the CPS/HVS contain a homeownership rate for “all minorities”, which also improved, going from 46.7 percent… Read More ›

Homeownership by Race and Ethnicity

Data from the Census Bureau’s Housing Vacancy and Homeownership (CPS/HVS) survey show that the US homeownership rate increased to 63.9 percent in the third quarter of 2017, up 0.4 percentage points from the third quarter of 2016. A series of blogs on Eye on Housing cover this topic along with CPS/HVS data on vacancies and household formations. Also produced from… Read More ›

Homeownership Rate Approaches 64%

According to the Census Bureau’s Housing Vacancy Survey (HVS), the U.S. homeownership rate is at 63.9% in the third quarter 2017, which is statistically unchanged from its last quarter reading of 63.7%. The rate of homeownership is on an upward trend after dropping to a cycle low of 62.9% in the second quarter 2016. Compared to the peak of 69.2%… Read More ›