Number of US Homeowners Shows No Growth for First Time in Nearly 10 Years

North Port, Florida, leads the country in homeownership at 79.5 percent, while California and New York have the highest share of renters.

A new report from Redfin indicates the number of Americans buying homes has stagnated for the first time in almost a decade.

The number of homeowner households dropped by 0.1 percent year over year in the second quarter—the first time since 2016. While an estimated 86.2 million people own homes, the number of renters nationally grew by 2.6 percent to an estimated 46.4 million—one of the largest increases in many years.