After updating an online tool that provides provides economic and housing market statistics for all local Home Builder Associations (HBAs), the National Association of Home Builders (NAHB) released a list of the five HBA's with the highest home ownership rates.
At the top were two Michigan chapters--the HBA of Livingston County and the Mid-Eastern Michigan HBA. The other three chapters were scattered around the country.
The top five list reflects distinct regional differences in home-ownership rates. The first two HBAs are located in Midwest, which has the highest concentration of owner-occupied homes at the regional level. The local HBA with the highest homeownership rate is HBA of Livingston County, MI, where 84.7% of housing units are owned, compared to the national homeownership rate of 64.4%.