Homeownership Rate Improves for Second Time in 2017

The homeownership rate improved to 63.9 percent in the third quarter—the second time it has inched up this year, slightly topping 63.7 percent in the second quarter and 63.5 percent this time last year, according to the U.S. Census Bureau’s recent Quarterly Housing Vacancies and Homeownership report.
Another second-time win? The gap between the owner household formation rate and the renter household formation rate widened again. Approximately 87 percent of housing was occupied in the