Proof that the American dream of home ownership is not dead for young families comes from a new report released by the U.S. Census Bureau. From 2019 to 2022, homeownership rates increased for all races and ethnicities, except Native American.
In a rebound the Bureau said was driven largely by individuals aged 44 or younger, the rate of homeownership jumped to 65.8% in 2022 – up from 64.6% recorded in 2019.
The data is based on the Bureau's Current Population Survey/Housing Vacancy Survey.
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