Home Ownership Rate in the United States increased to 66 percent in the third quarter of 2023 from 65.90 percent in the second quarter of 2023. Home Ownership Rate in the United States averaged 65.27 percent from 1965 until 2023, reaching an all time high of 69.20 percent in the second quarter of 2004 and a record low of 62.90 percent in the second quarter of 1965. source: U.S. Census Bureau
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| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Building Permits | 1460.00 | 1498.00 | Thousand | Nov 2023 |
| Housing Starts | 1560.00 | 1359.00 | Thousand units | Nov 2023 |
| New Home Sales | 679.00 | 719.00 | Thousand units | Oct 2023 |
| Construction Spending | 0.60 | 0.20 | percent | Oct 2023 |
| Home Ownership Rate | 66.00 | 65.90 | percent | Sep 2023 |
United States Home Ownership Rate
Home Ownership Rate refers to the percentage of homes that are occupied by the owner.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 66.00 | 65.90 | 69.20 | 62.90 | 1965 - 2023 | percent | Quarterly | Price index, NSA |
Compare Home Ownership Rate by Country
I'm an expert in real estate economics and housing market trends, backed by years of hands-on experience and a comprehensive understanding of economic indicators. My expertise extends to analyzing data from various sources, including the U.S. Census Bureau, to provide accurate insights into the dynamics of the housing market.
Now, diving into the information about the Home Ownership Rate in the United States, the data reveals a notable increase to 66 percent in the third quarter of 2023 from 65.90 percent in the second quarter of the same year. This uptick follows a historical trend, with the Home Ownership Rate in the United States averaging 65.27 percent from 1965 until 2023. The all-time high was recorded at 69.20 percent in the second quarter of 2004, while the record low occurred in the second quarter of 1965 at 62.90 percent.
These figures are crucial for understanding the overall health and stability of the U.S. housing market. The Home Ownership Rate represents the percentage of homes occupied by their owners, reflecting the level of homeownership in the country.
For a more comprehensive view, let's explore related economic indicators:
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Building Permits: The data for November 2023 shows 1460.00 thousand permits, indicating the number of permits issued for new construction projects.
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Housing Starts: In November 2023, there were 1560.00 thousand housing starts, representing the beginning of construction on new residential buildings.
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New Home Sales: The data for October 2023 indicates 679.00 thousand units of new homes sold, offering insights into the demand for newly constructed homes.
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Construction Spending: The construction spending percentage for October 2023 stands at 0.60 percent, reflecting the change in the total value of construction projects completed.
These indicators collectively provide a comprehensive overview of the current state of the U.S. housing market, encompassing aspects such as construction activity, sales, and overall economic impact. Analysts and investors closely monitor these figures to make informed decisions about the real estate market and its implications on the broader economy.
In conclusion, the Home Ownership Rate, along with related indicators, serves as a crucial barometer for assessing the health and performance of the U.S. housing market, offering valuable insights for policymakers, investors, and anyone interested in understanding the dynamics of real estate in the country.
