DS News, November 19, 2019: Rising Rates for Minority Homeownership
Data released by the Census Bureau’s Housing Vacancies and Homeownership Survey found the minority homeownership rate rose 0.9% to 48.3% during Q3 2019.
This year-over-year increase is higher than the overall U.S. homeownership rate, which rose 0.4 percentage points to 64.8% during the quarter.
The Hispanic homeownership rate saw the highest increase, rising 1.6 percentage points to 47.9% during the quarter. Homeownership for African-Americans gained 0.8 percentage points for a rate of 43.3%—the largest gain in African-American homeownership since Q3 2017.