{"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":"<h1><span class=\"l\">Is This the New Normal for Homeownership?<\/span><\/h1>\n<div>\n<p><!--\n\n\n<pre>-->\r\n<div>\r\n\r\n<!--paging_filter--> 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<blockquote><strong>Read more<\/strong>: <span class=\"l\">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 <strong>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 <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">housing<\/a> demand first, and ultimately, home sales,\u201d notes the National Association of Home Builders on its Eye on Housing blog. <em>Source: \u201cHomeownership Rate Stable,\u201d National Association of Home Builders\u2019 Eye on <a href=\"https:\/\/amazingproperty.com.ng\/blog\">Housing blog<\/a> (April 27, 2017)<\/em>\r\n\r\n<\/div>\r\n&nbsp;\r\n\r\n<\/pre>\n\n<\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is This the New Normal for Homeownership? The U.S. homeownership rate was 63.6 percent in the &hellip; <a title=\"Is the Homeownership Rate Finally Stabilizing?\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/is-the-homeownership-rate-finally-stabilizing\/\"><span class=\"screen-reader-text\">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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_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,"_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}]}}