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Homeownership Rate Pulls Back from 11 Year High
Wednesday, April 28, 2021
The national homeownership rate moved fractionally
higher in the first quarter of 2021 when compared to the same quarter in 2020
but was lower than in each of the prior three quarters. The U.S. Census Bureau
put the rate at 65.6 percent compared to 65.3 percent a year earlier. The rate
had spiked over 6.5 percent in both the second and third quarters of 2020, the
highest rates since 2009. Homeownership was highest in the Midwest at 70.3
percent, followed by the South (67.4 percent), Northeast (63.1 percent) and
lowest in the West at 59.7 percent. The rate in the Midwest was a point higher
than a year earlier while the other regions' changes are not considered
statistically different.
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