Sentences with phrase «homeownership rate dropped»

Overall, these broad trends are important, since strong renter household formation is one of the reasons why the homeownership rate dropped precipitously after the onset of the Great Recession.

In Q2 2016, Millennial homeownership rate dropped to the lowest in recorded history, at 34.1 %.

Last year, Millennial homeownership rate dropped to the lowest level recorded in over 5 decades.

Since the last housing crash, the nation's homeownership rate dropped to a record low and has hovered near there for the past year.

With the homeownership rate dropping to its lowest reading since the first quarter of 1996, it stands to reason that many of the underlying householder age groups have rates hovering at very low levels.

Not exact matches

Millennials had been driving the nation's overall homeownership rate, showing the biggest gains throughout 2017, but they dropped back in the first quarter of this year.

For example, the homeownership rate for non-Hispanic white households fell from 75.3 % in 2010 to 73.9 % in 2013, a percentage drop of 2 %.

Neighborhoods stabilized as loan defaults dropped and homeownership rates crossed 60 percent by the early 1960s.

After dropping to a cycle low of 62.9 % in the second quarter 2016, the national homeownership rate seems to be on a sustainable upward trend now.

The rate of homeownership is on an upward trend after dropping to a cycle low of 62.9 % in the second quarter 2016.

Neighborhoods stabilized as loan defaults dropped and homeownership rates crossed 60 percent by the early 1960s.

Since the economic downturn a decade ago, the homeownership rate in the United States has dropped to a 50 - year low.

Young adult households are also at the forefront of the drop in homeownership; the rate among households headed by those aged 35 or younger has fallen from 43.1 percent in 2004 to 35.2 percent today, and the rate among households aged 35 to 44 has fallen 16 percent over the same period.

«Strong renter formation is one of the reasons why the homeownership rate has continued to drop since the onset of the housing crisis, so any sign this trend is reversing is something to take note of,» wrote Ralph McLaughlin, chief economist at Trulia.

According to a 2017 story in The Seattle Times about the CD, the homeownership rate among African - Americans in the city dropped by half between 2000 and 2013, with just one in five black households owning its home.

At 54 percent, California's homeownership rate has dropped to the lowest point since the late 1940s.

The under 35 and 55 - 64 householder cohorts saw the largest declines, with each showing a 1.7 percentage point drop - off in the homeownership rate compared to a year ago.

Though experts are divided on what exactly is causing homeownership rates to drop, it's safe to say that affordability is one of the main reasons that first - time buyers are having a hard time getting onto the housing ladder.

«Strong renter household formation is one of the reasons why the homeownership rate has continued to drop since the onset of the housing crisis, so any sign this trend is reversing is something to take note of.

In 2007, Hispanic homeownership dropped for three consecutive years both in terms of homeownership rates as well as the total number of homeowners.

«The drop in the homeownership rate this quarter to historical lows isn't necessarily a bad sign,» McLaughlin explained to Bloomberg.

Homeownership rates for those under 35 have dropped steadily in recent years, according to the US Census, from 39 percent in the second quarter of 2009 to 34.8 percent this year.

By 2030, the homeownership rate for African Americans will be 40 percent, a large drop from 46 percent in 2000.

Households in the upper income tier (above about $ 132,000) have also seen a 7 % drop in homeownership rates during this period.