PHOENIX, AZ (STL.News) Arizona is adding homeowners faster than any state in the nation, a sign of continued growing economic momentum in the state. The state’s quarter-over-quarter homeowner rate change increased by 7.7 percentage points in Q2 2020, according to data from the U.S. Census Bureau, the best in the nation.
“The American dream of owning a home is alive and well in Arizona,” said Governor Ducey. “People continue to flock to Arizona for our growing jobs market, unbeatable quality of living, and affordable housing. While many states pursue an opposite approach—higher taxes, more regulations and more burdens on regular people—we will continue to pursue policies that keep Arizona an affordable and attractive place to live.”
The state’s homeowner rate increased from 64% to 71.7% from Q1 2020 to Q2 2020 — the fastest growth in the nation. Arizona is followed by:
- Missouri with an increase of 7 percentage points;
- Kentucky with an increase of 6.6 percentage points;
- North Carolina with an increase of 5.8 percentage points;
- And Virginia with an increase of 5.6 percentage points.
The next closest state in the Western Region is New Mexico with an increase of 3.7 percentage points, ranking #13 in the nation.