US Household Net Worth Rebounds in Second Quarter on Stock Rally

Single-family homes in a residential neighborhood in Aldie, Virginia.

Photographer: Nathan Howard/Bloomberg

US household net worth rebounded in the second quarter as stock prices climbed to a fresh high.

Household net worth jumped $7.1 trillion, or 4.2%, from the prior quarter to $176.3 trillion, a Federal Reserve report showed Thursday. The value of Americans’ equity holdings rose $5.5 trillion, and the value of real estate also climbed.