June Is National Homeownership Month!
National Homeownership Month is in June. It celebrates the value that owning a home brings to families, communities, and neighborhoods across America. By becoming a homeowner, people get a step closer to the American dream. This month also shares the joys of being a homeowner, which can encourage others to achieve the same thing.
It all began in 1862 when Abraham Lincoln signed the Homestead Act, which gave the head of each American household the right to claim a 160-acre homestead if they wanted to build a home on the land and farm on it. By the 1950's more than half of all American's owned their own home. By the end of 2020, the homeownership rate had raised to 65.8% in the United States.
Checkout this great article on how homeownership has changed throughout the decades, and how you can celebrate National Homeownership Month!
