Markets with the Largest Change in Homeownership Rate

• The national homeownership rate peaked at 69% in 2004, but fell four percentage points to 65% in the 2nd quarter of 2013.
• Despite having experienced the large number of foreclosures in California and Florida, those states are not among the top five states in terms of change in homeownership, though Nevada is.
• In a moderate surprise, Kansas and Colorado experienced some of the largest declines.
• The housing market in Washington, DC benefited from strong employment conditions driven by the Federal government.
• Homeownership in New Hampshire and Massachusetts increased over this period.