{"id":359054,"date":"2026-07-30T21:34:22","date_gmt":"2026-07-30T21:34:22","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/fed-researchers-offer-a-new-homeownership-metric-and-it-drops-the-rate-to-53\/"},"modified":"2026-07-30T21:34:22","modified_gmt":"2026-07-30T21:34:22","slug":"fed-researchers-offer-a-new-homeownership-metric-and-it-drops-the-rate-to-53","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=359054","title":{"rendered":"Fed Researchers Offer a New Homeownership Metric\u2014and It Drops the Rate to 53%"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">The Federal Reserve of Minneapolis has proposed a new way of <a target=\"_blank\" href=\"https:\/\/www.realtor.com\/news\/trends\/homeownership-rate-vacancy-census-data-q2-2026\/\">measuring homeownership<\/a> that would change the current view of the housing landscape.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">In a <a rel=\"noopener noreferrer\" target=\"_blank\" id=\"https:\/\/www.minneapolisfed.org\/article\/2026\/new-homeownership-measure-puts-people-first\" type=\"link\" href=\"https:\/\/www.minneapolisfed.org\/article\/2026\/new-homeownership-measure-puts-people-first\">paper released earlier this month<\/a>, researchers suggested that homeownership in America should be measured not by the share of homes where the owner is a resident, often called owner occupancy.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">Its alternative is to measure the share of adult population that owns their homes, which it called the &#8220;homeowners-to-population&#8221; (HPOP) ratio.<\/p>\n<p><iframe height=\"230px\" style=\"width:100%;border:0\" src=\"https:\/\/www.realtor.com\/creative\/rdc-ads\/local-listings-widget\/\" loading=\"lazy\" title=\"Embedded widget\"><\/iframe><\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">The change might seem nuanced, but it leads to a major shift: While 65% of homes are owner-occupied, just 53% of U.S. adults own a home.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">The Minneapolis Fed&#8217;s new methodology excludes from the homeownership count the people who live in the home but don&#8217;t own the home directly\u2014for example, the homeowners&#8217; parents and adult children.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">The previous methodology considers everyone in the family to be owner-occupants. Under both scenarios, rental units and their tenants are not owner-occupants.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">Researchers said in the paper that their new methodology &#8220;puts people first&#8221; and offers a more nuanced view of homeownership. It also excludes 13.9% of adults who live in owner-occupied homes they don&#8217;t personally own.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">&#8220;By including all adults, the HPOP gives us a more accurate understanding of the economic wellbeing of Americans. Measuring homeownership by the person instead of by the home is particularly important for comparing characteristics of homeowners: by age, by geography, and across time,&#8221; researchers noted in the paper. <\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">The data also makes room for several recent trends in homeownership, including <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/news\/trends\/yes-it-pays-to-share-a-home-with-family-but-plan-for-some-challenges-too\/\" type=\"link\" href=\"https:\/\/www.realtor.com\/news\/trends\/yes-it-pays-to-share-a-home-with-family-but-plan-for-some-challenges-too\/\">the rise of intergenerational living<\/a> as <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/news\/trends\/moving-back-parents-house-survey-data-2026\/\" type=\"link\" href=\"https:\/\/www.realtor.com\/news\/trends\/moving-back-parents-house-survey-data-2026\/\">&#8220;boomerang&#8221; children move back in<\/a> with their parents. It also considers how <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/news\/real-estate-news\/info-graphic-housing-americas-older-adults\/\" type=\"link\" href=\"https:\/\/www.realtor.com\/news\/real-estate-news\/info-graphic-housing-americas-older-adults\/\">older parents are moving<\/a> in with children and friends are living together.<\/p>\n<h2 class=\"base__StyledType-rui__sc-18muj27-0 eAPYSB\">Homeownership trends across the U.S.<\/h2>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">The Minneapolis Fed&#8217;s new data pulls out some wide differences. In <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Hawaii\" type=\"link\" href=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Hawaii\">Hawaii<\/a>, for instance, 61% of homes are owner-occupied, but only 42.7% of adults own a home. <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Florida\" type=\"link\" href=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Florida\">Florida<\/a>, <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Maryland\" type=\"link\" href=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Maryland\">Maryland<\/a>, <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/realestateandhomes-search\/New-Mexico\" type=\"link\" href=\"https:\/\/www.realtor.com\/realestateandhomes-search\/New-Mexico\">New Mexico<\/a>, and <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Delaware\" type=\"link\" href=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Delaware\">Delaware<\/a> have similarly wide discrepancies. <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/realestateandhomes-search\/North-Dakota\" type=\"link\" href=\"https:\/\/www.realtor.com\/realestateandhomes-search\/North-Dakota\">North Dakota<\/a> and the <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Washington_DC\" type=\"link\" href=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Washington_DC\">District of Columbia<\/a> do not.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">Thinking about things in this way offers some interesting insights, <a target=\"_blank\" href=\"http:\/\/realtor.com\">Realtor.com\u00ae<\/a> economist <strong>Jiayi Xu<\/strong> says. But it has its limitations.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">This methodology highlights people living in group quarters\u2014college dorms and nursing homes\u2014who don&#8217;t appear in the traditional homeownership data at all. So it can help us understand things like what housing choices the aging population makes.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">&#8220;But including these groups pulls the denominator up with people who are structurally almost never owners at that life stage, regardless of housing affordability or policy,&#8221; Xu says. &#8220;That can make the rate look artificially low, for example, for age brackets with lots of students, or distort market comparisons where one place has a much larger university student population.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">&#8220;In short, when used to answer housing affordability questions, HPOP might need to be interpreted carefully because it mixes &#8216;priced out of homeownership&#8217; with &#8216;not in the housing market for other reasons.'&#8221;<\/p>\n<h2 class=\"base__StyledType-rui__sc-18muj27-0 eAPYSB\">Economic anxieties<\/h2>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">On the other hand, that kind of understanding is more important now given how younger people are locked out of homeownership and <a target=\"_blank\" id=\"https:\/\/www.realtor.com\/news\/real-estate-news\/voters-homebuying-national-association-of-realtors-advocacy-poll\/\" type=\"link\" href=\"https:\/\/www.realtor.com\/news\/real-estate-news\/voters-homebuying-national-association-of-realtors-advocacy-poll\/\">more pessimistic about<\/a> their prospects.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">The data is a &#8220;more accurate gauge of Americans&#8217; real economic wellbeing and access to housing wealth,&#8221; says\u00a0<strong>Landy Liu<\/strong>, founder of tech startup\u00a0Foyer, a platform that helps consumers save for down payments.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">&#8220;By counting adults rather than households, the new measure captures a population the old rate rendered invisible: the growing share of adults who haven&#8217;t yet formed their own household, including adult children still living at home,&#8221; Liu says.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">For that reason, the government needs to better measure why people aren&#8217;t forming new homes. Liu suggests there ought to be better on-ramps to helping young people afford a home.<\/p>\n<p class=\"base__StyledType-rui__sc-18muj27-0 IEPPf sc-7dicpk-0 ccZqsH core-paragraph\">&#8220;It brings into focus the trends driving that shift\u2014delayed household formation and postponed home purchases\u2014and draws a direct line between those patterns and the economic realities facing aspiring homeowners today,&#8221; Liu says.<\/p>\n<p><a target=\"_blank\" data-testid=\"text-widget\" class=\"sc-s4khec-0 jknOCu\" href=\"https:\/\/www.realtor.com\/myaccount\/signin?config=NEWS_AND_INSIGHTS_SIGNUP&amp;redirect_url_override=\/myaccount\/profile\/settings\/\"><\/p>\n<div class=\"Herostyles__StyledHero-rui__sc-oinnz5-0 cfoUCN sc-s4khec-1 dNveAM\">\n<div class=\"hero-content\">\n<p class=\"base__StyledType-rui__sc-18muj27-0 fFVyEr\">Get real estate news in your inbox<\/p>\n<p><button class=\"base__StyledButton-rui__sc-7dk5je-1 fzpFdV\" type=\"button\">Sign up now<\/button><\/div>\n<\/div>\n<p><\/a><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve of Minneapolis has proposed a new way of measuring homeownership that would change the current view of the housing landscape. In a paper released earlier this month, researchers suggested that homeownership in America should be measured not by the share of homes where the owner is a resident, often called owner occupancy. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":359055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180544,174080,174081,156634,180545,180546,180547,180548,180549,107945,99386],"tags":[180550,174089,174090,7315,12715,180551,180552,14077,11477,180553,180554,180555,180558,48067,1621,1485,15508,180556,180557,1236],"dealstore":[],"offerexpiration":[],"class_list":["post-359054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boomerang-child","category-daily-email","category-data-journalism","category-federal-reserve","category-home-ownership","category-homeowners","category-housing-data","category-intergenerational-housing","category-living-with-parents","category-multigenerational","category-trends","tag-boomerang-child","tag-daily-email","tag-data-journalism","tag-drops","tag-fed","tag-federal-reserve","tag-home-ownership","tag-homeowners","tag-homeownership","tag-housing-data","tag-intergenerational-housing","tag-living-with-parents","tag-metricand","tag-multigenerational","tag-offer","tag-rate","tag-researchers","tag-slot-04","tag-type-of-homeowner","tag-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fed Researchers Offer a New Homeownership Metric\u2014and It Drops the Rate to 53% - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=359054\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fed Researchers Offer a New Homeownership Metric\u2014and It Drops the Rate to 53% - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"The Federal Reserve of Minneapolis has proposed a new way of measuring homeownership that would change the current view of the housing landscape. 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In a paper released earlier this month, researchers suggested that homeownership in America should be measured not by the share of homes where the owner is a resident, often called owner occupancy. 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