RHORUSQ156N · as of 2026-07-01
Homeownership Rate
Homeownership Rate in the United States
View on FRED · RHORUSQ156N ↗65.50%
yoy
▲ 0.31%
41 obs · quarterly · percent── 1y ago 65.30%
What it is
Down = more renters. Direction signal for rental demand.
- source
- FRED
- frequency
- quarterly
- units
- percent
- s.a.
- no
What it’s telling us · as of 2026-07-01
Homeownership ticks up to 65.5%, a modest 20-basis-point gain over the year but still stuck in the narrow 65.0-to-65.7% range where it's been oscillating for two years. That flatness is the real signal: the ownership rate isn't climbing, which means the renter pool isn't shrinking. For a landlord, flat ownership is permission to underwrite stable or modest tenant demand — you're not fighting a wave of move-ups to ownership, but you're also not seeing a flood of forced converts back to renting. Watch the next two prints; a move below 65.0% would be the inflection that actually reshapes rental-market dynamics.
⟡ auto-generated weekly · claude-haiku-4-5 · reviewed before publish
Related metrics
Get the data
Python · fredapi
"""
Homeownership Rate — Down = more renters. Direction signal for rental demand.
Freq: quarterly · Source: FRED
"""
from fredapi import Fred
fred = Fred(api_key="YOUR_FRED_API_KEY")
series = fred.get_series("RHORUSQ156N")
print(series.tail())LLM prompt
You are analyzing FRED series RHORUSQ156N — Homeownership Rate in the United States. Context: Down = more renters. Direction signal for rental demand. Attributes - Units: percent - Frequency: quarterly - Source: FRED Latest observation: 65.50% as of 2026-07-01 Year-over-year change: +0.31% Analyze this metric for a tech-forward real estate investor with 1–3 properties. What is it signaling right now? What should I watch next?