Lowest Homeownership Rate for Younger Households Since 2020

Lowest Homeownership Rate for Younger Households Since 2020

According to the NAHB, homeownership among younger households has reached its lowest level since early 2020. Only about 37% of Americans under 35 own homes as of Q3 2024. This drop, highlighted by the Census Housing Vacancy Survey, reflects the impact of high mortgage rates and a limited supply of entry-level homes — all challenges disproportionately affecting younger buyers sensitive to affordability issues.

Meanwhile, the overall U.S. homeownership rate remains steady at 65.6%, though it is still below the long-term average of 66.4%.

Read More

Author: Editorial Team