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.

Oct 29, 2019
Fannie Mae Introduces Spanish-Language Homebuyer Education Program

The new platform, HomeView en Español, aims to bridge language barriers hindering Hispanic-Americans from purchasing homes..

Sep 29, 2023
Layoffs At

After a rocky market debut, has laid off staff.

Sep 25, 2023
CFPB Issues Guidance On AI In Credit Underwriting

Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.

Sep 19, 2023
Intercontinental Exchange Completes Black Knight Acquisition; Births Dark Matter Technologies Under Constellation Software

Rich Gagliano takes the helm at Dark Matter Technologies, poised to lead the future of Empower LOS with a 1,300-strong team, blending startup agility with decades of industry experience.

Sep 18, 2023
FHFA Invites Public Engagement On Modernized Credit Score Transition

Stakeholder forums and listening sessions planned to ensure seamless rollout; extended timeline for bi-merge credit report requirement in play.

Sep 11, 2023
Desperation Drives Difficulty in Closing Mortgages in California

Analysis reveals California among top 20 toughest states for mortgage closures.

Sep 11, 2023