|
America Counts: Stories Behind the Numbers
Younger Householders Drove Rebound in U.S. Homeownership
The U.S. homeownership rate in 2022 was even higher than before the COVID-19 pandemic ? 65.8% compared to 64.6% in 2019 ? a rebound driven largely by those age 44 and younger, according to the Census Bureau?s Current Population Survey/Housing Vacancy Survey (CPS/HVS).
Homeownership continued to climb from the downturn following the foreclosure crisis (2004) and Great Recession (2008), when rates dipped as low as 63.4% in 2016. Homeownership rates recovered approximately half of the 5.6% decrease from 2004 to 2016.
The recovery began before the pandemic hit the United States in March 2020: rates rose 1.2 points from 2016 to 2019, and by another 1.2 points from 2019 to 2022.
The pandemic disrupted CPS/HVS data collection operations in 2020 and part of 2021. As a result, it is difficult to know whether the homeownership rate grew during each year of the pandemic.
Continue reading?to learn more about:?
-
Younger householders fueling the homeownership increase
-
Homeownership increasing in all regions
-
Homeownership increasing among all racial/ethnic groups
-
The?Current Population Survey/Housing Vacancy Survey
|
|
Help us spread the word about America Counts!
Share this on social media or forward it to a friend.
|
|
You May Be Interested In?
See a Vacant Home? It May Not be For Sale or Rent
The largest category of vacant housing is seasonal housing, from beachfront homes to part-time residences.
|
|
|
|
America Counts features stories on various topics including:?
For the Media:?Contact our?Public Information Office?for inquiries or interviews.?
Don't miss an America Counts story!?Use the button below to sign up and update your preferences.
|
|
|
|
