Home ownership by region in the second quarter of 2009
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PrintHome ownership is up overall in the country, Northeast and South regions, but is down in the Midwest and West in the second quarter of 2009. Midwest has the highest home ownership rate of 70.5 percent, but the rate has been trending downwards since the first quarter of 2008.
The current rate of home ownership in the Midwest is the lowest it has been since the second quarter of 1998, when it was 70.3 percent. The Midwest had 29.3 million housing units in the second quarter.
Midwest has had the highest home ownership rate since records have been kept starting in 1965 by the Commerce Department.
The lowest home ownership rate is in the West with 62.5 percent. And this rate is the lowest it has been since the fourth quarter of 2002, when it was also 62.5 percent. The West had 27.8 million housing units in the second quarter.
In the other two regions the South with 48.9 million housing units has the second highest rate of home ownership, 70 percent.
The Northeast had 23.2 million housing units with a home ownership rate of 64.3 percent.
Home ownership for the country
The home ownership for the country is at 67.4 percent in the second quarter.
