{"id":3958,"date":"2017-04-28T00:00:00","date_gmt":"2017-04-28T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/is-the-homeownership-rate-finally-stabilizing\/"},"modified":"2020-09-11T11:55:35","modified_gmt":"2020-09-11T11:55:35","slug":"is-the-homeownership-rate-finally-stabilizing","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/is-the-homeownership-rate-finally-stabilizing\/","title":{"rendered":"Is the Homeownership Rate Finally Stabilizing?"},"content":{"rendered":"

Is This the New Normal for Homeownership?<\/span><\/h1>\n
\n

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\r\n\r\n The U.S. homeownership rate was 63.6 percent in the first quarter of 2017, barely budging from last quarter\u2019s reading of 63.7 percent, the U.S. Census Bureau reports.\r\n
Read more<\/strong>: Is This the New Normal for Houseownership?<\/span><\/blockquote>\r\nAfter reaching a cycle low of 62.9 percent in the second quarter of 2016, the house ownership rate appears to be stabilizing. The ownership rate, however, still remains way below the 27-year average rate of 66.1 percent. The homeownership<\/strong> rate increased among all age groups in the first quarter, albeit slightly. The millennial and Generation X ownership rates increased by 0.1 percent while households aged 45 to 54 years old increased by 0.2 percent, according to the U.S. Census data. The houseownership vacancy rate remained at 1.7 percent, and the national rental vacancy rate also held at 7 percent in the first quarter\u2014both low by historical standards. The number of households increased to 118.8 million in the first quarter, up by 1.2 million households from a year ago. \u201cGrowth in household formations will spur rental housing<\/a> demand first, and ultimately, home sales,\u201d notes the National Association of Home Builders on its Eye on Housing blog. Source: \u201cHomeownership Rate Stable,\u201d National Association of Home Builders\u2019 Eye on Housing blog<\/a> (April 27, 2017)<\/em>\r\n\r\n<\/div>\r\n \r\n\r\n<\/pre>\n\n<\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"

Is This the New Normal for Homeownership? The U.S. homeownership rate was 63.6 percent in the … Is the Homeownership Rate Finally Stabilizing?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3959,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,12908,543,215,248,3051,627,445,617,344,1007,41,678,15309],"class_list":["post-3958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-home","tag-home-buying-guide","tag-home-sale","tag-home-sales","tag-homeowner","tag-homeowners","tag-homeownership","tag-house","tag-housing","tag-owners","tag-property","tag-rental","tag-ups"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/8muAD6qGWNc","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4068,"url":"https:\/\/amazingproperty.com.ng\/blog\/new-households-favoring-homeownership\/","url_meta":{"origin":3958,"position":0},"title":"New Households Favoring Homeownership","author":"Amazing Property","date":"May 1, 2017","format":false,"excerpt":"For the first time in a decade, more new households chose to buy a home rather than rent one in the first quarter of 2017, according to Census Bureau data. About 854,000 new households purchased a home\u2014more than double the 365,000 new households who chose to rent. New homeowners have\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":663,"url":"https:\/\/amazingproperty.com.ng\/blog\/is-this-the-new-normal-for-homeownership\/","url_meta":{"origin":3958,"position":1},"title":"Is This the New Normal for Homeownership?","author":"Amazing Property","date":"February 7, 2017","format":false,"excerpt":"The homeownership rate is on the decline again. The latest numbers reflecting the fourth quarter of 2016 show the homeownership rate fell from 63.8 percent a year earlier to 63.7 percent, the Census Bureau reported. While the drop may seem slight, it reflects an overall trend for homeownership in the\u2026","rel":"","context":"In "Property owner"","block_context":{"text":"Property owner","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/property-owner\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2659,"url":"https:\/\/amazingproperty.com.ng\/blog\/the-economys-thorn-low-ownership-rates\/","url_meta":{"origin":3958,"position":2},"title":"The Economy's Thorn: Low Ownership Rates","author":"Amazing Property","date":"March 28, 2017","format":false,"excerpt":"The homeownership rate is near its lowest level in more than 50 years. But homeownership remains a \u201ccritical part\u201d of the national economy and \u201congoing weakness in the single-family housing market, represents a substantial hurdle limiting the pace of economic growth,\u201d according to a newly released study by the Rosen\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1392,"url":"https:\/\/amazingproperty.com.ng\/blog\/a-retiree-niche-may-be-profitable-here\/","url_meta":{"origin":3958,"position":3},"title":"A Retiree Niche May Be Profitable Here","author":"Amazing Property","date":"February 24, 2017","format":false,"excerpt":"[ad_1] Homeownership continues to be an important part of many Americans\u2019 retirement plan. So where is homeownership in retirement seeing some of the biggest growth? Read more: Buy a Home With No Monthly Payments? Six of the 10 cities where retiree homeownership is rising the fastest are located in warm\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2710,"url":"https:\/\/amazingproperty.com.ng\/blog\/hispanics-are-a-growing-buying-force\/","url_meta":{"origin":3958,"position":4},"title":"Hispanics Are a Growing Buying Force","author":"Amazing Property","date":"March 29, 2017","format":false,"excerpt":"While the national homeownership rate decreases, ownership rates among Hispanics are defying the trend with steady rises. The Hispanic homeownership rate grew to 46 percent last year, topping previous highs of 45.6 percent in 2015 and 45.4 percent in 2014, according to the National Association of Hispanic Real Estate Professionals\u2019\u00a02016\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":647,"url":"https:\/\/amazingproperty.com.ng\/blog\/hispanic-homeownership-defies-national-trend\/","url_meta":{"origin":3958,"position":5},"title":"Hispanic Homeownership Defies National Trend","author":"Amazing Property","date":"February 6, 2017","format":false,"excerpt":"[ad_1] The Hispanic demographic was the only ethnic demographic with an increase in the homeownership rate in 2016. The Hispanic homeownership rate rose from 45.6 percent in 2015 to 46 percent last year, according to the National Association of Hispanic Real Estate Professionals. Read more: Building a Bilingual Agency Further,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=3958"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/3959"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=3958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=3958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=3958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}