Homeownership rate of householders aged 30 to 34,
fourth quarter 2016: 45.6%
The homeownership rate of households headed by
people aged 30 to 34 was unchanged in the fourth quarter of 2016. Their 45.6
percent homeownership rate in the 4th quarter was above the all-time low of 44.8
percent recorded in the second quarter of 2016. The difference in the rates is not
statistically significant. The stability in the homeownership rate of
30-to-34-year-olds over the past two years suggests that after years of decline
the rate may have bottomed out.
Historically, homeownership
became the norm in the 30-to-34 age group—rising above 50
percent. But beginning in 2007, the homeownership rate of 30-to-34-year-olds
went into a tailspin. In the second quarter of 2011, the rate fell below
50 percent for the first time. It's been stuck there ever since. The new
age of first-time home buying is 35 to 39, but even this age group has been
slipping toward the 50-percent threshold. In the fourth quarter of 2016 the
homeownership rate of 35-to-39-year-olds fell to 55.0 percent, an all-time low. The
homeownership rate of 35-to-39-year-olds peaked in the first quarter of 2007 at
65.7 percent.
Nationally, the homeownership
rate was 63.7 percent in the fourth quarter of 2016, a bit below the 63.8
percent of a year earlier.
Source: Census Bureau, Housing Vacancy Survey
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