New homeownership measure puts people first | Federal Reserve Bank of Minneapolis
- The homeownership rate in the United States is reported to be 65 percent.
- But this commonly cited data point on homeownership is actually the owner-occupancy rate, which tells us how many housing units are occupied by an owner.
- While owner occupancy is an interesting measure, it doesn’t tell us how many people own their home.
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- The homeownership rate in the United States is reported to be 65 percent.
- But this commonly cited data point on homeownership is actually the owner-occupancy rate, which tells us how many housing units are occupied by an owner.
- While owner occupancy is an interesting measure, it doesn’t tell us how many people own their home.
Sources: Minneapolisfed