In early February, NAHREP announced that for the second year in a row, Hispanics were the only ethnic demographic with an increase to their homeownership rate, which surged from 45.6 percent in 2015 to 46.0 percent in 2016. The improvement came in a year when Hispanics also led in net household formations, adding a total net increase of 330,000 households. Overall homeownership rates in the U.S. are at their lowest levels in almost 50 years. Hispanics have broken from this trend due to their high workforce participation and the fervent desire to own a home.
These findings will be featured in the 2016 NAHREP State of Hispanic Homeownership Report, which will be released at the 2017 Housing Policy & Hispanic Lending Conference in Washington, DC on March 28. Register to attend the conference at the online registration rate before March 21. Click here to learn more about the State of Hispanic Homeownership Report.