More Americans Chose Homeownership
More Americans Chose Homeownership Over Renting a Home
According to the latest report from the US Census Bureau, more Americans chose homeownership over signing a lease to rent in the first quarter of 2017. This marks the first time since 2006 that the number of new homeowner households outpaced the number of new renter households.
Of the 1.22 million new households that were formed in the first quarter, 854,000 were new-owner households making the jump straight to homeownership rather than renting first.