Changes in homeownership
Percentage of owners by age group
Percentage of total
|Month||Age < 35||35-44||45-54||55-64||65+|
|Third Quarter 2015||35.8%||58.1%||69.9%||75.3%||78.7%|
|Third Quarter 2018||36.8%||59.5%||69.7%||75.6%||78.6%|
|Fourth Quarter 2017||64.2%||713,644|
|First Quarter 2018||64.2%||666,909|
|Second Quarter 2018||64.3%||756,073|
|Third Quarter 2018||64.4%||811,987|
Homeownership has made large gains in the past three years among individuals aged 44 and younger, but remained largely flat with older Americans.1 The increase is possibly due to millennials and Gen Xers taking advantage of low interest rates to buy their first home as they start families. However, people 45 and older may not be buying due to rising costs.
In the third quarter of 2018, 64.4% of the population owned a home; an increase of 0.2% from the previous year. However, issues of affordability and a possible increase in rates may curb future growth.
1Source data: Census Bureau/CoreLogic®
Data date: 2/13/2019
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