The percentage of Americans owning their own homes ticked up slightly during the third quarter of 2006, according to the U.S. Census Bureau.
At 69 percent, the third quarter's homeownership rate rose slightly but was not statistically different from the previous quarter's rate of 68.7 percent or from third-quarter 2005's rate of 68.8 percent. When adjusted for seasonal factors, the third quarter's homeownership rate of 68.9 percent was still slightly higher, but not statistically different from the 68.8 percent rate of the second quarter or from third-quarter 2005's rate of 68.7 percent.
The rate translates into 75.6 million homeowners during the third quarter of 2006, noted the Census Bureau.
By region, the homeownership rate was highest in the Midwest at 72.5 percent, followed by the South at 70.6 percent and the Northeast at 65.5 percent. The West posted the lowest homeownership rate at 64.7 percent. When compared with their respective rates a year ago, the home-ownership rate was higher...