The homeownership rate in the United States rose slightly in 2022, reaching the highest figure since 2011. However, in the third quarter of 2024, the proportion of households occupied by owners declined to 65.6 percent. The U.S. homeownership rate was the highest in 2004 before the 2007-2009 recession hit and decimated the housing market. Homeownership since the recession The rate of homeownership in the U.S. fell in the lead up to the recession and continued to do so until 2016. In spite of this trend, the share of Americans who perceived homeownership as part of their personal American dream remained relatively stable. This suggests that the financial hardship caused by the recession led to the fall in homeownership, rather than a change in opinion about the importance of homeownership itself. What the future holds for homeownership Homeownership trends vary from generation to generation. Homeownership among Americans over 65 years old is declining, whereas most Millennial renters plan to buy a home in the near future. This suggests that homeownership will remain important in the future, as Millennials are forecast to head most households over the next two decades.

Nearly a million Black households had overdue mortgage payments in the period between the 30th of April and the 27th of May 2024, while 7.54 million reported they were caught up on mortgage payments. In comparison, approximately 2.8 million White households were behind with their payments, whereas 63 million were on track. This makes White homeowners least affected by late mortgage payments.

The number of home sales in the United States peaked in 2021 at almost seven million after steadily rising since 2018. Nevertheless, the market contracted in the following year, with transaction volumes falling to 4.8 million. Home sales remained muted in 2024, with a mild increase expected in 2025 and 2026. A major factor driving this trend is the unprecedented increase in mortgage interest rates due to high inflation. How have U.S. home prices developed over time? The average sales price of new homes has also been rising since 2011. Buyer confidence seems to have recovered after the property crash, which has increased demand for homes and also the prices sellers are demanding for homes. At the same time, the affordability of U.S. homes has decreased. Both the number of existing and newly built homes sold has declined since the housing market boom during the coronavirus pandemic. Challenges in housing supply The number of housing units in the U.S. rose steadily between 1975 and 2005 but has remained fairly stable since then. Construction increased notably in the 1990s and early 2000s, with the number of construction starts steadily rising, before plummeting amid the infamous housing market crash. Housing starts slowly started to pick up in 2011, mirroring the economic recovery. In 2022, the supply of newly built homes plummeted again, as supply chain challenges following the COVID-19 pandemic and tariffs on essential construction materials such as steel and lumber led to prices soaring.

Graph and download economic data for Homeownership Rates by Race and Ethnicity: Non-Hispanic White Alone in the United States (NHWAHORUSQ156N) from Q1 1994 to Q4 2024 about homeownership, white, non-hispanic, rate, and USA.

New Home Sales in the United States increased to 676 Thousand units in February from 664 Thousand units in January of 2025. This dataset provides the latest reported value for - United States New Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Homeownership Rate in the United States (RSAHORUSQ156S) from Q1 1980 to Q4 2024 about housing, rate, and USA.

Graph and download economic data for Homeownership Rate for Florida (FLHOWN) from 1984 to 2024 about homeownership, FL, housing, rate, and USA.

Homeownership Rate for Florida was 68.40% in January of 2024, according to the United States Federal Reserve. Historically, Homeownership Rate for Florida reached a record high of 72.40 in January of 2005 and a record low of 64.10 in January of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for Homeownership Rate for Florida - last updated from the United States Federal Reserve on March of 2025.

What is the average price of residential property in the Netherlands? In the third quarter of 2024, a single-family home cost approximately 434,000 euros. There were large differences between the Dutch provinces, however. Single-family homes were most expensive in the central province of Utrecht with an average price of 731,000 euros, whereas a similar house in Groningen had an average price tag of 384,000 euros. Overall, the average price a private individual would pay when buying any type of existing residential property (such as single-family homes but also, for example, an apartment) was approximately 416,000 euros in 2023. Do the Dutch prefer to buy or to rent a house? The Netherlands had a slightly higher homeownership rate (the share of owner-occupied dwellings of all homes) in 2023 than other countries in Northwestern Europe. About 70 percent of all Dutch houses were owned, whereas this percentage was lower in Germany, France, and the United Kingdom. This is an effect of past developments: the price to rent ratio (the development of the nominal purchase price of a house divided by the annual rent of a similar place with 2015 as a base year) shows that the gap between house prices and rents has continuously widened in recent years. Despite a slight decline in the ratio due to slowing house price growth and accelerating rental growth, in 2023, the cost of buying a home had grown significantly faster relative to the cost of renting. Mortgages in the Netherlands Additionally, the Netherlands has one of the highest mortgage debts among private individuals in Europe. In 2024, total debt exceeded 839 billion euros. This has a political background, as the Dutch tax system allowed homeowners for many years to deduct interest paid on mortgage from pre-tax income for a maximum period of thirty years, essentially allowing for income support for homeowners. In the Netherlands, this system is known as hypotheekrenteaftrek. Note that since 2014, the Dutch government is slowly scaling this down, with a planned acceleration from 2020 onwards.

Graph and download economic data for Homeownership Rate for California (CAHOWN) from 1984 to 2024 about homeownership, CA, housing, rate, and USA.

According to a November 2024 survey, the high cost of living is the leading reason preventing U.S. homeowners from pursuing homeownership. Other factors standing in the way of becoming a homeowner included having sufficient savings for a down payment (33 percent) and enough income (32 percent). In 2024, the homeownership rate in the U.S. was nearly 66 percent.

Graph and download economic data for Homeownership Rate for North Carolina (NCHOWN) from 1984 to 2024 about homeownership, NC, housing, rate, and USA.

Graph and download economic data for Homeownership Rate for New York (NYHOWN) from 1984 to 2024 about homeownership, NY, housing, rate, and USA.

Graph and download economic data for Homeownership Rate for Washington (WAHOWN) from 1984 to 2024 about homeownership, WA, housing, rate, and USA.

Graph and download economic data for Homeownership Rate for Hawaii (HIHOWN) from 1984 to 2024 about HI, homeownership, housing, rate, and USA.

Graph and download economic data for Homeownership Rate for South Carolina (SCHOWN) from 1984 to 2024 about homeownership, SC, housing, rate, and USA.

Homeownership Rate for North Carolina was 64.50% in January of 2024, according to the United States Federal Reserve. Historically, Homeownership Rate for North Carolina reached a record high of 71.70 in January of 1999 and a record low of 64.50 in January of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for Homeownership Rate for North Carolina - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Homeownership Rate for Texas (TXHOWN) from 1984 to 2024 about homeownership, TX, housing, rate, and USA.

Graph and download economic data for Homeownership Rates by Race and Ethnicity: Black Alone in the United States (BOAAAHORUSQ156N) from Q1 1994 to Q4 2024 about homeownership, African-American, rate, and USA.

Graph and download economic data for Homeownership Rate for Nevada (NVHOWN) from 1984 to 2024 about NV, homeownership, housing, rate, and USA.