The homeownership gap between immigrants and the native-born is closing as more foreign-born U.S. residents move towards buying homes, according to a new report from Trulia.
Trulia used the U.S. Census Bureau’s Current Population Survey and American Community Survey data for this study. For calculations involving the American Community Survey data, the company used five-year 2014 data.
Not only are immigrants closing the gap, but states where immigrants resided in the U.S. for longer periods of time also have higher rates of immigrant homeownership, according to the report.
While those born outside the U.S. still lag behind those born in the U.S., the homeownership gap has been shrinking since 2000. The gap now rests at 15.4 percentage points, down from 20.7 percentage points in 2001.
The homeownership rate for those born in the U.S. remained roughly unchanged from 1994 to 2015, however the rate for immigrants increased 2.3 percentage points.