Week of August 20, 2018

Changes in U.S homeownership

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Month Age < 35 35–44 45–54 55–64 65+
06/2015 34.8% 58.0% 69.9% 75.4% 78.5%
06/2018 36.5% 60.0% 70.6% 75.1% 78.0%
Change 1.7% 2.0% 0.7% -0.3% -0.5%

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Month Homeownership Rental occupancy Inventory
Jun-2015 63.40% 93.20% 923,681
Sep-2015 63.70% 92.70% 911,779
Dec-2015 63.80% 93.00% 780,055
Mar-2016 63.50% 93.00% 790,409
Jun-2016 62.90% 93.30% 840,057
Sep-2016 63.50% 93.20% 819,971
Dec-2016 63.70% 93.10% 691,674
Mar-2017 63.60% 93.00% 697,770
Jun-2017 63.70% 92.70% 768,363
Sep-2017 63.90% 92.50% 771,368
Dec-2017 64.20% 93.10% 662,280
Mar-2018 64.20% 93.00% 679,681
Jun-2018 64.30% 93.20% 717,913

The first graph shows homeownership by age group, comparing data from June 2015 and June 2018. People 35–44 had the largest increase in homeownership among all age groups. This trend is likely because the age of marriage and childbearing in the U.S. has been rising, so related life milestones like buying a home are more likely happening later in life.

Homeownership dropped for the 55–64 and 65+ age groups, with the largest drop for those over 65. This decline indicates that baby boomers will age out of homeownership by moving into retirement communities, their children's homes or rentals of their own.

The second graph depicts the trends in rental occupancy and homeownership from June 2015 to June 2018. The rental occupancy has remained high over the past three years above 92%. The data also indicates that homeownership has increased a little bit over the past three years from 63.4% in June 2015 to 64.3% in June 2018.1

1Source data: U.S. Census & CoreLogic®
Data date: 07/25/2018

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