{"id":31404,"date":"2025-05-27T04:19:50","date_gmt":"2025-05-27T11:19:50","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=31404"},"modified":"2025-12-01T01:48:23","modified_gmt":"2025-12-01T09:48:23","slug":"what-is-national-homeownership-month","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/what-is-national-homeownership-month\/","title":{"rendered":"What Is National Homeownership Month?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Did you know there&#8217;s an entire month that honors homeownership in the U.S.? Many decades ago, June was dedicated to promoting the trend of owning homes, highlighting just how deeply owning a home is valued in American culture. Dubbed <\/span><a href=\"https:\/\/www.nar.realtor\/june-is-national-homeownership-month\"><span style=\"font-weight: 400;\">National Homeownership Month<\/span><\/a><span style=\"font-weight: 400;\">, the yearly tradition might resonate with your own journey toward owning a home. But what is National Homeownership Month, exactly?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whether you\u2019ve already bought a home in your lifetime or aspire to in the future, the deep longing to <\/span><a href=\"https:\/\/www.homelight.com\/blog\/buyer-where-to-start-when-buying-a-home\/\"><span style=\"font-weight: 400;\">find the perfect house<\/span><\/a><span style=\"font-weight: 400;\"> in a welcoming community is something we can universally relate to. Achieving homeownership has long been considered foundational to the American Dream.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\n\n\n\n\n<div class=\"geo-cta widget-cta widget-cta--content     widget-cta--dark widget-cta--dark-blue-gradient\">\n    <div class=\"widget-element--content\">\n        <div class=\"widget-element--content-header\">\n            <img decoding=\"async\" alt=\"homelight logo\" class=\"widget-element--logo\" src=\"https:\/\/www.homelight.com\/blog\/wp-content\/themes\/ccprototypev5\/images\/logo-small-cta.png\" width=\"106\" height=\"25\" \/>\n        <\/div>\n        \n                <h3 class=\"cta-headline widget--bold\">How Much Is Your Home Worth Now?<\/h3>\n                        <p>Home values have rapidly increased in recent years. How much is your current home worth now? Get a ballpark estimate from HomeLight&#8217;s free Home Value Estimator.<\/p>\n        \n                <div class=\"widget-element--buttons\">\n            <a data-type=\"In Content CTA\" href=\"https:\/\/www.homelight.com\/simple-home-value\/quiz?#\/qaas=0\/\" class=\"cta-click-track widget-element--button\">Get Estimate<\/a>\n        <\/div>\n                    <\/div>\n<\/div>\n\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s take a closer look at what goes into National Homeownership Month and all that it signifies. While we recognize the celebratory side of this month-long event, we\u2019d be remiss to neglect the stark reality that homeownership in America has never been (and still is not) an equal opportunity for all Americans.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For that reason, we also examine the racial and economic disparities in homeownership in America, which must be acknowledged alongside progress made.<\/span><\/p>\n<div id=\"section--1\" data-toc-header=\"What is National Homeownership Month?\" data-toc-type=\"head\"><\/div>\n<h2>What is National Homeownership Month?<\/h2>\n<p><span style=\"font-weight: 400;\">In a nutshell, National Homeownership Month is a time to celebrate the ways that homeownership benefits individuals, families, and communities in America.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although it\u2019s gone through many iterations over the years, the tradition first began during the economic boom of the <\/span><a href=\"https:\/\/www.history.com\/topics\/roaring-twenties\"><span style=\"font-weight: 400;\">Roaring Twenties<\/span><\/a><span style=\"font-weight: 400;\"> following the end of World War I, when there was a sudden burst of societal growth and optimism. People embraced peacetime and had enough wealth to buy property and settle down with family.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The tide of events quickly changed, as it would continue to do throughout the decades of the 20th century to the present. However, the notion of setting aside time to acknowledge a shared vision for success persisted. Here\u2019s how the tradition evolved:<\/span><\/p>\n<ul>\n<li><b>1920:<\/b><span style=\"font-weight: 400;\"> Local Realtor\u00ae groups wanting to promote the idea of homeownership create the first week-long celebration.<\/span><\/li>\n<li><b>1956:<\/b><span style=\"font-weight: 400;\"> The National Association of Realtors\u00ae (NAR) memorializes the celebration on a nationwide scale, thereby incorporating it into the ethos of the American Dream.<\/span><\/li>\n<li><b>1976:<\/b><span style=\"font-weight: 400;\"> U.S. Congress issues a joint resolution designating the week beginning on April 18 as Private Property Week, renaming the tradition.<\/span><\/li>\n<li><b>1986:<\/b><span style=\"font-weight: 400;\"> The celebration was then renamed again, this time as American Home Week.<\/span><\/li>\n<li><b>1995:<\/b><span style=\"font-weight: 400;\"> National Homeownership Week was established by the Clinton administration to increase homeownership rates.<\/span><\/li>\n<li><b>2002:<\/b><span style=\"font-weight: 400;\"> President George W. Bush expands the observance to the entire month of June.<\/span><\/li>\n<li><b>2016: <\/b><span style=\"font-weight: 400;\">The United States Department of Agriculture (USDA) uses the celebration to highlight the agency\u2019s role in helping people buy homes in rural areas.<\/span><\/li>\n<li><b>2021:<\/b><span style=\"font-weight: 400;\"> With the backdrop of economic pain brought on by the coronavirus pandemic, President Joe Biden vows to expand stability and equal opportunity in the housing market.<\/span><\/li>\n<li><b>2022:<\/b><span style=\"font-weight: 400;\"> HUD initially called 2022 a year of momentum for the nation\u2019s homebuyers, but the 30-year fixed mortgage rate jumped from 3.11% in January to a high of 7.08% in November.<\/span><\/li>\n<li><b>2023:<\/b><span style=\"font-weight: 400;\"> A historic number of affordable multifamily units were under construction. The Biden administration proposed including $175 billion in housing investments in the federal budget.<\/span><\/li>\n<li><b>2024: <\/b><span style=\"font-weight: 400;\">Persistently<\/span> <span style=\"font-weight: 400;\">high mortgage rates and insufficient inventory <\/span><a href=\"https:\/\/www.nar.realtor\/newsroom\/more-than-90-percent-of-metro-areas-home-price-increase-1Q-2024\"><span style=\"font-weight: 400;\">push existing single-family home prices up 5%<\/span><\/a><span style=\"font-weight: 400;\"> year-over-year in April. To offset costs, the Biden administration announces a $10,000 tax credit for first-time buyers and people who sell their starter homes.<\/span><\/li>\n<li><b>2025: <\/b><span style=\"font-weight: 400;\">To address rising homeownership costs, President Donald Trump issued an executive order aimed at delivering emergency price relief to Americans via several actions, including reducing housing expenses.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Here are some examples of groups that facilitate homeownership:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">U.S. Department of Housing and Urban Development<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Federal Housing Administration (FHA)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Housing assistance programs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial and housing counselors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">National Association of Realtors\u00ae<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Licensed real estate agents<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Home builders and contractors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mortgage lenders and title companies<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">U.S. Department of Agriculture<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">State and local government housing agencies<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nonprofits that offer first-time homebuying classes<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Real estate listing platforms<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lumber and steel suppliers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Modular home factories<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What is National Homeownership Month? Learn about its history, purpose, and the ways it celebrates the American Dream.<\/p>\n","protected":false},"author":298,"featured_media":43791,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[334],"tags":[],"class_list":["post-31404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What Is National Homeownership Month?<\/title>\n<meta name=\"description\" content=\"What is National Homeownership Month? 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Articles, guides, and advice from top agents all over the U.S.","email":"support@homelight.com","telephone":"(888) 688-0350","legalName":"HomeLight","foundingDate":"2012-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"201","maxValue":"500"}},{"@type":"Person","@id":"https:\/\/www.homelight.com\/blog\/#\/schema\/person\/7d7103b037dcb5e844946ec92b02a128","name":"Richard Haddad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.homelight.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fbb89d16f303ea1de47fd69852400830b4a663ea6dbb4eecafbea5c1403da721?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fbb89d16f303ea1de47fd69852400830b4a663ea6dbb4eecafbea5c1403da721?s=96&d=blank&r=g","caption":"Richard Haddad"},"description":"Richard Haddad is the executive editor of HomeLight.com. He works with an experienced content team that oversees the company\u2019s blog featuring in-depth articles about the home buying and selling process, homeownership news, home care and design tips, and related real estate trends. Previously, he served as an editor and content producer for World Company, Gannett, and Western News &amp; Info, where he also served as news director and director of internet operations.","sameAs":["https:\/\/www.homelight.com","https:\/\/www.linkedin.com\/in\/richard-w-haddad"],"url":"https:\/\/www.homelight.com\/blog\/author\/richardhaddad\/"}]}},"_links":{"self":[{"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/posts\/31404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/users\/298"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/comments?post=31404"}],"version-history":[{"count":0,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/posts\/31404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/media\/43791"}],"wp:attachment":[{"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/media?parent=31404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/categories?post=31404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/tags?post=31404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}