By Na Ahao | Eye on Housing
The homeownership rate for Generation X was 58.9% in the first quarter of 2016, up by 0.5% on a year-over-year basis, while homeownership rates continued to decline for other age groups.
According to the Census Bureau’s Housing Vacancy Survey (HVS), the nation’s homeownership rate in the first quarter of 2016 was 63.5%, down by 20 basis points on a nonseasonally adjusted basis over the first quarter of 2015. Compared to the peak at the end of 2004, the homeownership rate has steadily decreased by 5.7 percentage points and remains below the 25-year average rate of 66.2%.
