The new report found Hispanic homeownership rate at 47.5 percent last year, and Hispanics have been the only demographic group to record an increase in each of the past five years. NAHREP noted that Hispanics accounted for 51.58 percent of net growth in homeownership between 2009 and 2019, while non-Hispanic whites accounted for only 1.5 percent of homeownership growth over that same 10-year stretch.
NAHREP added the total number of Hispanic homeowners increased by 277,000 in 2019, while the overall number of Hispanic households increased by 435,000. Hispanics currently represent 18.3 percent of the U.S. population and have a labor force participation rate of 66.8 percent, the highest participation rate of any demographic.
"The vibrancy of the Latino homebuyer population helped to pull our industry out of recession in 2012 and continues to drive growth in markets all across the United States," said David Acosta, 2020 NAHREP president. "This year's report will give the industry a more complete picture of Hispanic buyer nuances and geographic concentrations."