CA Homeownership Rising in New Census Data
Recently released data from the 2020 American Community Survey shows that the anecdotal “renewed passion for homeownership” has been borne out by the facts. Overall, homeownership increased to 56.1% in 2020 from 54.9% in 2019. Notably, this increase was shared across all major ethnic groups with the largest gains among Latino and Asian populations, though Black and White homeownership also rose. These numbers should be interpreted with some caution given the effect of the pandemic on Census data collection efforts, but the direction of the change likely remains valid nonetheless.