Home Ownership Rate Hits Record High
A record 67.2 percent of American households owned their own homes in the second quarter of 2000 – once again shattering all previous records.
A record 67.2 percent of American households owned their own homes in the second quarter of 2000 – once again shattering all previous records. This puts homeownership at a higher percentage than at any time in American history, Housing and Urban Development Secretary Andrew Cuomo announced today.The percentage of households owning their homes – known as the homeownership rate – has risen steadily since President Clinton took office, jumping from 64 percent in 1993 to 66.3 percent in 1998 before setting another new annual record in 1999 at 66.8%. This quarter’s numbers are on pace for yet another annual record.
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