Home Ownership Rate Reaches Highest Level Since 2013
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Homeownership Rate Reaches Six-Year High
Homeownership Rate Reaches Six-Year High
The U.S. Census Bureau’s Housing Vacancy Survey (HVS) reports that the U.S. homeownership rate increased to 65.1% in the final quarter of 2019. This is 0.5 percentage points higher than the third quarter reading of 64.8% and is the highest the rate has been since the fourth quarter of 2013. Nevertheless, the homeownership rate remains well below the 25-year average rate of 66.3%, or the peak of 69.2% reached at the end of 2004.
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