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Fed Shows 53% Adults Own Homes, 14% Rent Owner-Occupied

7/24/2026

Summary

Story summary

The Federal Reserve released a homeowners-to-population ratio showing about 53% of U.S. adults own a home.
The HPOP counts adults instead of housing units, unlike the owner-occupancy rate.
Researchers found roughly 14% of adults live in owner-occupied homes without owning them.
Erik Hembre, senior economist at the Minneapolis Fed, said policies based on the old rate could be misdirected.
California’s HPOP is 41.2% versus 55.9% as New York’s is 43.3% versus 54.3%.

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Story summary

The Federal Reserve released a homeowners-to-population ratio showing about 53% of U.S. adults own a home.
The HPOP counts adults instead of housing units, unlike the owner-occupancy rate.
Researchers found roughly 14% of adults live in owner-occupied homes without owning them.
Erik Hembre, senior economist at the Minneapolis Fed, said policies based on the old rate could be misdirected.
California’s HPOP is 41.2% versus 55.9% as New York’s is 43.3% versus 54.3%.