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Homeownership rates vary depending on demographic characteristics of households such as ethnicity, race, type of household as well as location and type of settlement. In 2018, homeownership dropped to a lower rate than it was in 1994, with a rate of 64.2%. [5] Since 1960, the homeownership rate in the United States has remained relatively stable.
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [1] [better source needed]
The rate of homeownership in the United States, as measured by the fraction of units that are owner-occupied, was 64% as of 2017. [1] Housing in the United States is heavily commodified, and when viewed as an economic sector, contributes to 15% of the gross domestic product. [2]
However, homeownership rates are subject to volatility during major economic events. For example, after peaking at 69 percent in 2004, the Great Recession (2007-09) led to homeownership rates ...
The Black homeownership rate saw a modest annual uptick to 44.1% in 2022 from 44% in 2021, but remains significantly behind the White homeownership rate of 72%, the report found. A stubborn racial ...
Although home prices have rapidly increased, homeownership rates have also slightly increased in the U.S. over the past five years. In 2018, the median home list price in the U.S. was $255,200 and ...
Conley remarks that differences in rates of home ownership and housing value accrual may lead to lower net worth in the parental generation, which disadvantages the next. [30] There are large disparities in homeownership rates by race. In 2017, the homeownership rate was 72.5% for non-Hispanic Whites, 46.1% for Hispanics, and 42.0% for Blacks. [31]
More Americans own a home than they did 10 years ago, with the homeownership rate rising to 65.5% in 2021 compared to 64.7% in 2011. But Black households continue to see their ownership share lag ...