New Metrics Highlight Opportunities for California Homeownership Growth

A new Federal Reserve metric reveals California's homeownership rate at 41% in 2025, over 10 points below the national average and much lower than the 56% reported by the Census Bureau. The difference arises from counting individual adults rather than households, capturing adult children living with parents as non-homeowners. Similar declines appear in Texas and Florida, highlighting the impact of high living costs on homeownership nationwide.