The homeownership rate for Americans across all racial and ethnic minority groups as defined in the U.S. Census rose to 47.4% in the second quarter of 2018, up 0.6% from the second quarter of 2017. The overall American homeownership rate also rose 0.6% YOY from the second quarter of 2017, up to 64.3%.
The YOY homeownership rate for “other” minorities (defined by the Census as including American Indian or Alaskan Native; Asian or Native Hawaiian/Pacific Islander, and other races) rose by 2.1 percentage points to 58.5% over the same period of time. The Hispanic homeownership rate rose by 1.1% to 46.6%, and the black (non-Hispanic) homeownership rate fell by 0.6 percentage points to 42.6%. The white (non-Hispanic) rate rose 0.7 percentage points to 72.9%.Read More