U.S. homeownership rate remained flat in the first quarter, Census Bureau reports

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The U.S. homeownership rate barely changed in the first quarter, the Census Bureau reported Tuesday. The homeownership rate hit 65.3% in the first quarter, which the Census Bureau said “was not statistically different” from the fourth quarter of 2019 when it was 65.1%. The share of Americans between 35 and 44 years old who were homeowners rose to 61.5% from 60.4% in the fourth quarter, a sign that millennials were continuing to buy homes before the coronavirus pandemic hit the U.S.