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UPDATE

Homeownership rises among blacks

May 11, 2003|From Times wire reports

Homeownership rates for blacks have climbed over the last 12 years, aided by rising incomes in a booming housing market, but they still trail the general national rate, according to recently released Census Bureau data.

More than 48% of blacks owned their homes in 2002, up from 42% in 1990. However, black homeownership fell short of the national rate of 68%. The Census Bureau report, culled from a March 2002 survey, covered myriad statistics on the nation's black population.

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