Q3 Homeownership Rate Up Slightly – NMP Skip to main content

Q3 Homeownership Rate Up Slightly

Phil Hall
Oct 29, 2019
Photo credit: Getty Images/Sundaemorning

The homeownership rate during the third quarter reached 64.8 percent, according to data from the U.S. Census Bureau. The third quarter level was up from 64.1 percent in the second quarter and 64.4 percent in the third quarter of 2018.
 
During the third quarter, approximately 87.8 percent of housing units were occupied and 12.2 percent were vacant. Owner-occupied housing units made up 56.9 percent of total housing units, while renter-occupied units made up 30.9 percent of the inventory. Units that were vacant year-round comprised 9.4 percent of total housing units, while 2.8 percent were for seasonal use.  
 
The third quarter 2019 homeownership rate was highest for those householders ages 65 years and over (78.9 percent) and lowest for those householders under 35 years of age (37.5 percent). The third quarter homeownership rate for non-Hispanic White Alone householders reporting a single race was highest at 73.4 percent, while the rate for Asian, Native Hawaiian, and Pacific Islander alone householders was second at 58.5 percent, and Black alone householders was lowest at 42.7 percent.

 
Published
Oct 29, 2019
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
Rocket Companies' Earnings Plunge 94% In 2Q

Mortgage originations fell 59% year over year, while rate lock volume fell 65%.

Industry News
Aug 04, 2022
Remembering Steven Schnall, Quontic Bank CEO

Schnall died in a motorcycle accident while on his way back from a biking trip to Canada. 

Industry News
Aug 04, 2022