Federal Reserve Research Reveals Lower U.S. Homeownership Rates Than Previously Believed
New research from the Federal Reserve Bank of Minneapolis indicates that only about 53% of U.S. adults own homes, a figure significantly lower than the traditionally cited 65% homeownership rate. This discrepancy arises from the different methodologies used to calculate homeownership. The U.S. Census Bureau's traditional measure considers the share of occupied homes where the owner lives, which can include households where not all adults are homeowners. The new measure, called the homeowners-to-population ratio (HPOP), calculates the share of adults who own a home, providing a more accurate picture. The research highlights that approximately 14% of U.S. adults live in owner-occupied homes without owning the property themselves, such as adult children living with parents or individuals living with roommates who own the property. 
