The homeownership rate for black households jumped 3.4 percentage points over the second half of 2019, bringing it from a three-decade low to back near historic averages, according to a … In 2018, the U.S. homeownership rate for non-black households was 26 percentage points higher than the black homeownership rate. New analysis from personal finance company NerdWallet has found that while homeownership rose to 75% among white Americans in 2020, only 44% of Black … Chase Home Lending will expand its homeownership grant program for people buying a house in one of 6,700 U.S. neighborhoods identified by the Census Bureau as majority Black. The homeownership rate of 65.8 percent was 0.7 percentage points higher than the rate in the fourth quarter 2019 (65.1 percent) and 1.6 percentage points lower than the rate in the third quarter 2020 (67.4 percent). Table 1. The 71.9 percent white homeownership rate in 2017 represented a 0.7 percentage point decline since 2010, and the 41.8 percent black homeownership rate represented a … Still, wide and widespread gaps between black and non-black homeownership persist. And with 72% of white families owning their homes, the racial gap there was the narrowest. Black Homeownership Rate Reportedly Climbing From Great Recession Downturn The rate rose during 2Q 2019, which may indicate the beginning of a recovery. Between 1994 and 2019, the white homeownership rate increased by approximately 3.3%, while the Black homeownership rate declined by 0.2% over the time period. Minority Homeownership Rate Jumps in First Quarter By Carmel Ford on May 4, 2020 • (). Washington, D.C., had the highest level of Black homeownership at 51%. Nearly 75% of white households own their homes, compared with just 44% of black … That overhead gets passed … fourth quarter 2019 (1.4 percent) and not statistically different from the rate in the third quarter 2020 (0.9 percent). For example, Black homeownership was near 45% in Michigan in 2008, with Black voter turnout north of 70%, but dropped below 40% in 2016, with voter turnout also dropping to 60%. Since the Great Recession, the gap between the black and white homeownership rates in the United States has increased to its highest level in 50 years, from 28.1 percentage points in 2010 to 30.1 percentage points in 2017. While Hispanic homeownership rate is on the rise, the black homeownership rate has fallen 8.6 percentage points, hitting an all-time low in the first quarter of this year, according to census data. Published February 18, 2020 In none of the 50 largest metros by black population does the black homeownership rate exceed the non-black rate. While homeownership was lowest among Black Americans, other race groups also owned homes at lower rates than white Americans in 2019. The black and white homeownership gap remains as wide today as it was at the dawn of the 20th century. Compare that to post-Dodd-Frank at $7,882 in the first quarter of 2020.