After the homeownership rate in the U.S. fell to 63.1% during the 2nd quarter of 2016, the lowest level since the U.S. Census Department began tracking this data in 1968, it rose to 63.4% during the 3rd quarter and then to 63.5% during the 4th quarter of 2016, according to data just released by the U.S. Census Bureau.
Here in the Midwest Region, the homeownership rate slipped slightly during the 4th quarter of 2016 to 68.4% from 68.6% the quarter before, hitting the lowest rate since the 4th quarter of 2015 when it was 68.1% in the Midwest. As the bottom chart below illustrates, the Midwest Region of the U.S. continues to have a homeownership rate that is higher than the U.S. rate as well as every other region.
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Homeownership Rate In The U.S. 1991-2016
Homeownership Rate In The Midwest 1991 – 2016
Homeownership Rate In The U.S. And Regions 1968-2016