Today in Data: Home Ownership on The Rise

It may be safe to say that the home ownership market is turning a significant corner. While sales have been sluggish for quite some time, new data has indicated an uptick in consumers’ confidence in purchasing new homes.

The U.S. Census Bureau‘s data reveals that Q1 home sales have grown immensely in the past year.

Here are the numbers:

854,000 | Number of homes purchased in Q1 2017

365,000 | Number of homes purchased in Q1 2016

69 percent | Home ownership peek in 2004

62.9 percent | Home ownership all time low in Q2 2016

63.6 percent | Home ownership in Q1 2017