New research from the Federal Reserve Bank of Minneapolis introduces the homeowners-to-population ratio (HPOP), which offers a more granular view of homeownership than traditional metrics. This new measure reveals a significant generational divide, with adults over 35 increasingly mirroring the wealth accumulation patterns of previous generations, while younger adults face greater challenges in achieving homeownership. The HPOP metric, which counts individual adults rather than housing units, shows a national homeownership rate of approximately 53%, starkly lower than the traditional owner-occupancy rate. For individuals under 35, the HPOP indicates a homeownership rate of only 22%, highlighting that many in this age group live in owner-occupied homes without holding any ownership stake themselves. AI
RANK_REASON New research methodology published by a Federal Reserve Bank. [lever_c_demoted from research: ic=1 ai=0.1]
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