It may be safe to say that the home ownership market is turning a significant corner. While sales have been sluggish for quite some time, new data has indicated an uptick in consumers’ confidence in purchasing new homes.
The U.S. Census Bureau‘s data reveals that Q1 home sales have grown immensely in the past year.
Here are the numbers:
854,000 | Number of homes purchased in Q1 2017
365,000 | Number of homes purchased in Q1 2016
69 percent | Home ownership peek in 2004
62.9 percent | Home ownership all time low in Q2 2016
63.6 percent | Home ownership in Q1 2017