Changes in homeownership
Percentage of total population
Percentage of owners by age group
|Quarter||Age < 35||35-44||45-54||55-64||65+|
|First Quarter 2016||34.2%||58.9%||69.2%||75.7%||78.8%|
|First Quarter 2019||35.4%||60.3%||69.5%||75.4%||78.5%|
|First Quarter 2016||63.5%|
|Second Quarter 2016||62.9%|
|Third Quarter 2016||63.5%|
|Fourth Quarter 2016||63.7%|
|First Quarter 2017||63.6%|
|Second Quarter 2017||63.7%|
|Third Quarter 2017||63.9%|
|Fourth Quarter 2017||64.2%|
|First Quarter 2018||64.2%|
|Second Quarter 2018||64.3%|
|Third Quarter 2018||64.4%|
|Fourth Quarter 2018||64.8%|
|First Quarter 2019||64.2%|
Student debt and a lack of affordable starter homes may have caused a decline in homeownership in the first quarter of 2019—the first drop in two years.1 The percentage of the population that owned a home fell by 0.6%—erasing gains from 2018.
In the past four years, ownership has had the strongest growth among Generation X and millennials. Since 2016, it has increased 1.4% among individuals 35 – 44, while rising 1.2% among adults 34 and younger.
However, homeownership among younger adults could remain flat or decline if mortgage rates rise and the shortage of affordable homes persists.
1 Source data: U.S Census Bureau
Data date: 4/25/2019
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