And the Survey Says: Homeownership Strengthens Families

A majority of Americans believe owning their own home leads to personal financial security, improved school performance for their children and greater community involvement, according to a recent poll [PDF 534K] of 1,000 adults commissioned by the Homeownership Alliance.

"These findings support those of academic studies released in 2002 and 2003 by the Homeownership Alliance, which showed that homeownership provides numerous benefits involving higher household stability, more social involvement, increased local political participation and activism, environmental awareness, better child outcomes, improved health, less crime and stronger community characteristics," according to Rick Davis, president of the Homeownership Alliance, a coalition of more than 15 organizations–including Freddie Mac–that are committed to ensuring support for the American housing system.

The survey of 1,000 people was conducted June 18-20, 2004. The margin of error is +/- 3.1 percent.

Specifically, the new Homeownership Alliance polling data found:

• 66 percent of those surveyed believe that children who grow up in homes that their families own are more likely to do better in school.
• 80 percent think that owning a home gives you a stronger sense of connection to the community in which you live.
• 87 percent agree that homeowners are more likely to be involved in community organizations and local government.
• 76 percent agree that people who own their own homes are more likely to take the time to vote in national elections.
• 69 percent agree that the federal government should provide incentives to make housing more affordable.
• 85 percent agree that a home is a more secure investment than the current stock market.