The national homeownership rate dropped to 65.7% in the fourth quarter of 2023, down from 66% in the third quarter and down from 65.9% in the fourth quarter of 2022, according to the U.S. Census Bureau.
The homeownership rate for those under 35 decreased 0.6 percentage point to 38.1% – the largest decline among all age categories.
The homeownership rate for the 45-54 age group decreased 0.3 percentage point to 70.3%.
Households aged 35-44 saw a 0.2 percentage point decline.
The homeownership rate of those aged 55-64 increased 0.3 percentage points.
The national vacancy rate for homeowner housing in the fourth quarter was 0.9%, which was not statistically different than the rate in the rate in the third quarter, or the fourth quarter of 2022.
Photo: Breno Assis
