Homeownership metrics for 1Q/16

Holding Homeownership

While the seasonally adjusted Q1/16 homeownership rate of 63.6% slipped from 63.7% in Q4/15, the long decline in homeownership is over. In Q1/15, the rate was 63.8%, just 0.2 percentage points above where it is now, its smallest January to January decline in six years. Moreover, the most recent decline is occurring despite two-thirds of new households being renters, primarily because most Millennials remain too young to buy.

Elliot F. Eisenberg, Ph.D
GraphsandLaughs, LLC
Cell: 202.306.2731

About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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