Full Citation
Title: Rebuilding and Sustaining Homeownership for African Americans
Citation Type: Miscellaneous
Publication Year: 2018
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Abstract: Homeownership provides numerous benefits over renting, including predictable housing costs, secure tenure, and the potential to save money and build wealth. Nationally, over 70 percent of white non-Latino households in the US own their homes, but African Americans’ homeownership level now stands at 41 percent, nearly 10 percentage points below the level attained just before the housing crisis and lower even than before the passage of the Fair Housing Act in 1968. Michigan was especially hard hit by the housing crisis because its manufacturing employment had already declined nearly 45 percent since 2000; African American homeownership slipped further in Michigan than in any other state over the past 18 years.
User Submitted?: No
Authors: Hedman, Carl; Pendall, Rolf
Publisher: Urban Institute
Data Collections: IPUMS USA
Topics: Housing and Segregation, Other, Race and Ethnicity
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