Trump: “Black homeownership just hit the highest level it has ever been in the history of our country.
President Trump loves to just throw stuff out there. Much of it is not true. in the case of Black homeownership it really wasn’t true. Politifact noticed.
When Trump saw the usual “Blacks for Trump” characters at a rally in Pensacola, Fla., in December tossed out an inaccurate stat on black homeownership.
“Look at these guys, ‘Blacks for Trump,’ I love you. I love you. By the way, now that you bring it up, black homeownership just hit the highest level it has ever been in the history of our country. Congratulations,” the President said.
But according to Politifact, “Black home ownership hasn’t hit a new record high. (The White House did not respond to an inquiry.)
According to Politifact: According to Census Bureau data, black homeownership peaked in 2004 at 49.1 percent. It has fallen incrementally almost every year since. In fact, the rate is now about one-sixth lower than it was at its peak.
African-Americans are less than two-thirds as likely as non-Hispanic whites to own a home, and the most recent rate for African-Americans, 41.6 percent in 2016, ranks behind each of the other four major groups — non-Hispanic whites, Hispanics, Asian-Americans and Native Americans.
In fact, in 2005 the Hispanic homeownership rate overtook that of African-Americans, with the two groups diverging ever since.