Black homeownership climbed in 2019, but still lags far behind homeownership rates for the entire country.
Recent data from the U.S. Census Bureau’s Housing Vacancy Survey [pdf] show a sudden reversal of the trend of black homeownership—which increased from 40.6 percent in Q2 of 2019 to 42.7 percent in Q3 and 44 percent in Q4. The increase in black homeownership still lags far behind the country's total homeownership rate of 65.1 percent in Q4, which reached the highest rate since 2013.
Sarah Strochak, Laurie Goodman, and Sheryl Prado provide analysis of the recent data, focusing specifically about the sudden improvements in black homeownership, which they describe as, "the highest recorded level since 2012 [which] represents an 8 percent increase (or 3.4 percentage points) over six months."
The ongoing crisis of black homeownership has been well documented, including by other researchers from the Urban Institute, so what should the public make of this sudden improvement? The article presents a methodology for understanding the implications of the data, before presenting the conclusion that despite the improvement in black homeownership rates, the numbers still lag far behind, and require "much work" to be done.
FULL STORY: Is the Sudden Increase in Black Homeownership Too Good to Be True?
Half of Altadena’s Black Homes Lost or Damaged in Eaton Fire
The community has higher Black homeownership rates than most of Los Angeles, but now faces an uncertain future as residents struggle to rebuild.
Richmond Program Promotes Black Homeownership
Economic Mobility and Black Homeownership Pilot identified barriers to homeownership and provides homebuyers with down payment assistance and counseling.
The Racial Gap in Homeownership is Growing
Black families face bigger challenges when trying to buy homes, leading to a growing gap between Black and white homeownership.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
Test News Post 1
This is a summary
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
Test News Headline 46
Test for the image on the front page.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
EMC Planning Group, Inc.
Planetizen
Planetizen
Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service