HOMEOWNERSHIP RATE HIGHER IN Q3 2016

The U.S. Census Bureau announced that the homeownership rate was 63.5 percent in the third quarter. The rate was not statistically different from the rate in the third quarter 2015 (63.7 percent), but was 0.6 percentage points higher than the rate in the second quarter 2016.

The homeowner vacancy rate was 1.8 percent and was not statistically different from the third quarter 2015 or second quarter 2016 rates.