Recent research shows that the rate of homeownership in the United States has increased from 63.1% to 64.8% from 2016 through 2019. During this period of rising homeownership the vacancy rate for single-family rentals has fallen to a low of 5.2%. As NRHC has pointed out, homeownership and single-family rentals are not counter-cyclical – a strong single-family rental market does not limit or pose a risk to homeownership.
