Wednesday, February 28, 2018

Homeownership Rate Rises to 63.9% in 2017

The homeownership rate increased to 63.9 percent in 2017, according to the Census Bureau's Housing Vacancies and Homeownership Survey. This was 0.5 percentage points higher than the post-Great Recession low of 63.4 percent recorded in 2016. Despite the increase, the 2017 homeownership rate still ranks among the lowest since the Census Bureau created the data series in 1982. But it is significantly higher than in 2016 and the first increase in more than a decade—since the homeownership rate peaked in 2004. Could it be the start of a trend?

Homeownership rate
2017: 63.9%
2016: 63.4% (post Great Recession low)
2015: 63.7%
2010: 66.9%
2004: 69.0% (all-time peak)
2000: 67.4%
1990: 63.9%
1982: 64.8%

Source: Census Bureau, Housing Vacancies and Homeownership

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