In partnership with the Hispanic Wealth Project, the National Association of Hispanic Real Estate Professionals (NAHREP) released the 2017 State of Hispanic Homeownership Report at the Housing Policy and Hispanic Lending Conference on February 27th.
The eighth edition of this Report details the forces and trends behind the continued increase in Hispanic homeownership while the country’s overall homeownership rate continues to decline.
The Report focuses on household formation rates and the resulting growth of homeownership
among Hispanics as well as their related educational achievements, entrepreneurial undertakings, labor force profile, and consumer purchasing power in the country.
This year’s Report sets forth a comparative analysis of data from the past year and that from previous
years, dating back to the beginning of the 21st Century. The Report evaluates a variety of demographic and economic trends that shape the homebuyer market, including cultural nuances, and the role of Hispanics as drivers of homeownership growth in the United States.
The research also showed:
- Hispanics made up 28.6 percent of total U.S. household formations in 2017;
- Hispanics have been responsible for 46.5 percent of net U.S. homeownership gains since 2000;
- Hispanics are projected to lead U.S. household growth, adding 6 million additional Hispanic households by 2024; and
- Currently, at 58.6 million, U.S. Hispanics account for more of the U.S. population growth than any other demographic
The 2017 State of Hispanic Homeownership Report can be downloaded without charge at: http://hispanicwealthproject.org/shhr/2017-state-of-hispanic-homeownership-report.pdf
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