U.S. Homeownership Rate Soars to Highest Level Since 2008

The U.S. homeownership rate, led by young buyers, jumped to the highest since 2008, signaling that the housing boom underway before the pandemic has only accelerated.

The rate was 67.9% in the second quarter, according to a Census Bureau report Tuesday. It was the fourth straight increase, climbing from 65.3% in the previous three months. The homeownership rate for buyers under age 35 rose to 40.6%, the highest in almost 12 years.