National homeownership rates remain near all-time lows

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The U.S. homeownership rate fell to its lowest rate since the fourth quarter of 1967:

Homeownership slides down to 63.5 percent in the first quarter

  • This figure is 30 bps lower quarter-on-quarter; 20 bps lower year-on-year
  • Homeownership rates rose in the Midwest 30 basis points year-on-year, while falling in all other regions, led by a 70 basis point decline in the Northeast

Homeownership rates moderate compared to house value increases

  • Existing home sales rebound to 2007 levels; still pale previous cycle
  • Consistent homeownership decline has paralleled appreciation of home prices, up in excess of 5.0 percent for eight consecutive quarters

Recent homeownership gains by generation X a drop in the bucket

  • Generation X homeownership increases 50 basis points since the beginning of 2015; the second straight quarter of yearly gains
  • In spite of modest recent gains, the generation X homeownership rate is down 14.5 percent over the course of a decade

Check out the full US Homeownership Trends Q1 2016 report here:

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