A very wow homeownership report today. MASSIVE jump in the homeownership rate this was a rare significant increase. The rate jumped by nearly 4 percentage points to 37.9%. Highest since 2008. Here's a thread on why this happened during a pandemic 
Essentially there was a massive boom in the number of homeowners combined with a very large drop in the number of renters. Basically one of the largest changes in both numbers in decades (possible ever, but will check on this on report back in another tweet).
The big gains came from young households. Households under 35 jumped by 3.2 percentage points, 35-44 by nearly 5 percentage points. Likely largest annual jump on record for both.
Also a massive boom in Black and Hispanic home buying, with increases of 6.4 points and 4.8 points, respectively.
Here's some additional thoughts: haus.com/resources/why-…
Also, much of the increase came from households earning less than the median income.
