Week of May 27, 2019

Changes in homeownership

Percentage of total population

Percentage of total population

Percentage of owners by age group

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%
Change 1.2% 1.4% 0.3% -0.3% -0.3%
Quarter Homeownership
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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