Year Published
2002
Abstract
While the U.S. homeownership rate rose percepibly
over recent years to a record
67.1 percent in mid-2000, the
longstanding white-minority homeownership gap of about 28 percentage
points has changed little over the past
20 years. By late 1999, close to 74 percent of whites had achieved
homeownership status, compared with
only about 46 percent of African-American and Hispanic households. As a
stated policy objective, the U.S. Department of Housing and Urban Development seeks to boost the national
homeownership rate to 70 percent by
2006. Clearly, achievement of that goal
requires significant upward movement
in homeownership rates among racial
and ethnic minorities
over recent years to a record
67.1 percent in mid-2000, the
longstanding white-minority homeownership gap of about 28 percentage
points has changed little over the past
20 years. By late 1999, close to 74 percent of whites had achieved
homeownership status, compared with
only about 46 percent of African-American and Hispanic households. As a
stated policy objective, the U.S. Department of Housing and Urban Development seeks to boost the national
homeownership rate to 70 percent by
2006. Clearly, achievement of that goal
requires significant upward movement
in homeownership rates among racial
and ethnic minorities
Research Category