Efforts to increase the homeownership rate have made very little progress in the past four quarters, although 50% of Hispanic households now own their own home.The Census Bureau reported a homeownership rate of 68.7% in the second quarter, up slightly from 68.6% in the second quarter of 2005. With the current slowdown in the U.S. housing market, it appears that the homeownership rate peaked at 69.2% in the second quarter of 2004. The homeownership rate for Hispanics first hit 50% in the fourth quarter of 2005 and fell to 49.4% in the first quarter. Now, it has rebounded to 50%, according the second-quarter report. The homeownership rate for whites is 75.9% and 47.2% for blacks.
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