U.S. Homeownership Rates By Quarter 1995 to 2012

Homeownership has long been viewed as a true positive to the owners, neighborhoods, communities and society. The National Association of REALTORS® has an extensive list of these positives based on decades of research.

While homeownership fell out of favor in the mist of the bursting of the housing bubble, that has already flipped 180 degrees with homeownership once again viewed as an extreme positive. Rising home prices, rents and an improving economy continue to strengthen the multitude of benefits arising from homeownership.

The following graph, based on data from the U.S. Census Bureau, shows U.S. homeownership rates, by quarter, from 1995 through 2012. During the housing bubble, many individuals purchased homes without having the long-term financial capability of meeting the monetary obligation associated with homeownership (mortgage payment, property taxes, insurance, maintenance and for some, homeowner or condominium association fees). That temporary ownership interval during the bubble, however, increased the U.S. homeownership rate to the peak in the fourth quarter of 2004 of 69.2 percent. It was a level that was unsustainable over the long run. Homeownership has now been stable for the last four consecutive quarters, with the rate oscillating from 65.4 to 65.5 percent.

3-30-13a graph












To read the complete report on U.S. homeownership rates click here.

Breakdowns include by age, region, ethnicity, and income.

Good news is that homeownership rate appears to have stabilized.

And with rising home values, housing once again is no longer just a great place to live, but is back to being an investment with impressive returns in recent years.


Leave a Reply