Home Ownership Drives Wealth

Washington, DC, June 5, 2018-New research shows a household’s primary residence is its largest asset and continues to provide an important building block for long-term financial security, according to the National Association of Home Builders. The latest edition of the Survey of Consumer Finances, published by the Board of Governors of the Federal Reserve System, reports that the primary residence accounts for about one-quarter of all assets held by households in 2016, ahead of other financial assets, business interests and retirement accounts.

Source: Floor Daily