homeownership rate

homeownership rate

The ratio of owner-occupied units to total residential units in a specified area.

Example: For an area with 20,000 units, 17,000 of them are owner-occupied and 3,000 are occupied with renters. This means that the ratio of owner-occupied units is 85 percent and the ratio of rentals is 15 percent.

References in periodicals archive ?
5 percent, the fourth quarter's homeownership rate was lower than the fourth-quarter 2007 rate of 67.
The $100 million equity investment through ESIC and the $5 million grant to CSH are part of Fannie Mae's expanded American Dream Commitment to expand access to homeownership for millions of first-time home buyers; help raise the minority homeownership rate to at least 55%; and make homeownership and rental housing a success for millions of families at risk of losing their homes; and expand the supply of affordable housing where it is needed most.
WASHINGTON - The minority homeownership rate climbed to a record-high 48.
The minority homeownership rate stands at around 50 percent, compared with nearly 70 percent for the nation as a whole.
Census Bureau today released a 2010 Census brief, Housing Characteristics: 2010, that shows the homeownership rate is the second highest on record, behind only 2000, since homeownership data collection began in 1890.
9 percent, the third quarter's homeownership rate fell from the second quarter's rate of 68.
The report, ``The State of the Nation's Housing: 1999,'' found the national homeownership rate reached 66.
1 percent, the second quarter's homeownership rate rose from the first quarter's rate of 67.
The economic boom which has produced the highest homeownership rate in history has a downside and that is predatory lending," Cuomo said.
Housing and Urban Development Secretary Andrew Cuomo predicted a record homeownership rate if the trend continues, breaking the 65.
8 percent, the first quarter's homeownership rate dropped from the first quarter 2007's rate of 68.