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Economic Report: Nearly 2 million more Americans became homeowners last year

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The American Dream is pictured in this iconic image of the front of a traditional, Victorian-style homes in Belmont, North Carolina.

More Americans became homeowners in the spring, and the number of renters decreased, adding to evidence that consumers still aspire to ownership despite ongoing housing market headwinds.

The national homeownership rate rose to 64.3% in the second quarter, the Census Department reported Thursday, up from 64.2% in the first three months of the year. What’s more, that marked the sixth-straight quarter of yearly increases.

Over the past 12 months, 1.77 million more Americans became owners, while the number of renters declined by about 100,000.

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