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| Sponsored by Quicken Loans |
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| Homeownership Rate Falls Slightly in Fourth Quarter 2016 |
| By Zoe Eisenberg |
The recently released Census Homeownership and Vacancy Survey (HVS) for the fourth quarter of 2016 shows that throughout last year, homeownership fell slightly to an unadjusted rate of 63.7 percent. This number is just a smidge below 2015's 63.8 percent, and up from 2016's third quarter number of 63.5 percent, showing a possible plateau for homeownership across the country. There are many speculative reasons for this, from the low inventory of starter homes to the massive wall of debt many millennials are faced with. New households are still forming slowly—just 0.5 percent year-over-year in the last quarter—but many of them are made of up renters, not owners. ...
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