Research Brief: Housing – August 2017

After falling to a five-decade low in the second quarter of last year, the homeownership rate is up almost a full percentage point to 63.7 percent in June.  The increase was driven by a rise in homeownership among millennials, among which the rate advanced 120 basis points year over year to 35.3 percent.  Though rising, the rate re-mains below the peak of 43.6 percent achieved in mid-2004.

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