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Ownership and Vacancy — Homeownership Rate



NOTE: Red Circle The Q2 2020 - Q3 2021 data on homeownership rates, vacancy rates, housing stock, and households should be viewed with caution. The data are based on the Current Population Survey/Housing Vacancy Survey conducted by the Census Bureau under COVID-19 restrictions that prevented normal data collection procedures. In-person interviews were suspended on March 20, 2020, and the Q2 2020 survey was conducted solely by telephone interviews, resulting in a much lower response rate. In-person interviews were added back incrementally in the subsequent four quarters, with respective rates of 63, 94, 98, and 99 percent of the in-person interviews allowed. These changes in survey methods likely contributed to wide swings in the data. For example, there was a sharp increase and following decline in the homeownership rate during that time frame. The national homeownership rate, at 65.3 percent in the first quarter of 2020, was estimated to have jumped to 67.9 percent in the second quarter of 2020 and decline to 65.4 percent by the second quarter of 2021.