Homeownership Rate Makes Marginal Progress

2017 closed with the homeownership rate improving, but at a slight standstill: 64.2 percent, according to the U.S. Census Bureau’s Quarterly Housing Vacancies and Homeownership Report. The figure is marginal progress from the third quarter of the year, when the rate registered 63.9 percent. The rate was 63.7 percent at the end of 2016.
One statistic is telling. Owner households, or homes owned by their residents, comprised 56.4 percent of all homes occupied in the fourth quarter of 2017, t