Q2 Homeownership Rate Stands at 64.3 Percent – NMP Skip to main content

Q2 Homeownership Rate Stands at 64.3 Percent

Phil Hall
Jul 26, 2018
The Federal Housing Finance Agency (FHFA) announced the current $35 billion multifamily lending caps used respectively by Fannie Mae and Freddie Mac will be retained into 2019

The homeownership rate during the second quarter of this year was 64.3 percent, according to data released by the U.S. Census Bureau. The second quarter’s homeownership rate was very slightly higher than the 64.2 percent in the first quarter of this year and the 63.7 percent from the second quarter of 2017.
 
During the second quarter, approximately 87.7 percent of the housing units across the country were occupied and 12.3 percent were vacant. Owner-occupied housing units made up 56.3 percent of total housing units, while renter-occupied units accounted for 31.3 percent of the second quarter inventory.
 
On a regional measurement, the second quarter homeownership rate was highest in the Midwest (68.3 percent), followed by the South (65.9 percent), the Northeast (61.3 percent), and the West (59.7 percent). The Census Bureau determined there was no statistical difference between the second quarter statistics and the data from one year earlier.
 
In measuring by racial demographics, the homeownership rate for non-Hispanic White Alone householders reporting a single race was highest at 72.9 percent, while the rate for Asian, Native Hawaiian and Pacific Islander Alone householders was 58 percent and Black Alone householders was 41.6 percent. The homeownership rate for Hispanic householders, who could be of any race and were measured as a separate demographic, was 46.6 percent.

 
Published
Jul 26, 2018
Class Action Lawsuit Filed Against Equifax Over Glitch

Complaint stems from errors in credit scores made earlier this year.

Industry News
Aug 08, 2022
Birchwood Credit Services Promotes New Chief Operating Officer

Barrett Elliot has been with national provider of mortgage credit reporting services since 2010.

Industry News
Aug 08, 2022
Redfin 2Q Revenues Up, Profits Down

Company officials said that in the third quarter they expect total revenue between $590 million and $627 million.

Industry News
Aug 05, 2022
Mutual of Omaha Mortgage Announces Wholesale Division

Loans available through its own platform and in partnership with ReadyPrice, LenderPrice, and Loansifter.

Industry News
Aug 05, 2022
MISMO Seeks Public Comment On 3 eMortgage Resources

Updates proposed to MISMO Business Glossary, eMortgage Glossary, and eModification Reference Flyer.

Regulation and Compliance
Aug 05, 2022
Deal With Opendoor Allows Zillow Back Into iBuying Business

As it releases rough 2Q earnings report, Zillow announces partnership with former rival.

Tech
Aug 04, 2022