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Get ready to celebrate the American dream of homeownership on June 1, also known as National Homeownership Month! This month-long celebration was established in 2002 by President George W. Bush to promote and recognize the benefits of owning a home. It's a time to appreciate the sense of pride and stability that comes with being a homeowner, as well as the economic impact it has on communities across the country. So whether you're a current homeowner or dreaming of becoming one, let's take this month to celebrate and honor the joys of owning your own piece of land.
<div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1862</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Passage of Homestead Act</div><div class='timeline-text'>The Homestead Act was passed by the U.S Congress, offering 160 acres of public land to settlers for a small fee, opening the doors to widespread homeownership.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1934</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Creation of FHA</div><div class='timeline-text'>The Federal Housing Administration (FHA) was created during the Great Depression to help stimulate the housing market by providing loans with low down payments.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1944</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Introduction of G.I. Bill</div><div class='timeline-text'>The Servicemen's Readjustment Act, also known as the G.I. Bill, was signed into law, providing veterans with a federally guaranteed home loan with no down payment. This greatly increased the rate of homeownership in the U.S.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1977</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Passage of Community Reinvestment Act</div><div class='timeline-text'>The Community Reinvestment Act was passed to reduce discriminatory credit practices against low-income neighborhoods, encouraging financial institutions to help meet community needs.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1995</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Homeownership Strategy Initiative</div><div class='timeline-text'>President Bill Clinton launched the National Homeownership Strategy, aiming to increase the homeownership rate to 67.5% for all Americans by the year 2000.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>2002</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>National Homeownership Month Established</div><div class='timeline-text'>President George W. Bush declared June as National Homeownership Month to commemorate and promote the benefits of owning a home.</div></div></div>
<div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>1</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Decorate your home</h3><p id='' class='facts-text'>Show off your pride in homeownership by decorating your home with festive decorations, such as a banner or wreath, to celebrate National Homeownership Month.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>2</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Host a housewarming party</h3><p id='' class='facts-text'>Invite friends and family over to celebrate your homeownership and show off your new home. You can serve snacks and drinks, play games, and give tours of your place.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>3</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Take a home improvement project</h3><p id='' class='facts-text'>Use National Homeownership Month as a time to tackle a home improvement project. This could be something as simple as painting a room or as big as renovating a bathroom. Celebrate the progress you've made in making your house a home.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>4</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Attend a home buying seminar</h3><p id='' class='facts-text'>Celebrate National Homeownership Month by educating yourself on the home buying process. Attend a seminar or workshop to learn about the steps involved in purchasing a home and how to become a successful homeowner.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>5</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Volunteer with a local housing organization</h3><p id='' class='facts-text'>Give back to your community by volunteering with a local housing organization. You can help build homes for those in need or assist with home repair projects for low-income families. Celebrate National Homeownership Month by making a positive impact on the lives of others.</p></div></div>
<div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>A</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>The pride of owning a home</h3><p id='' class='whywelove-text'>For many people, owning a home is a lifelong dream and achieving it brings a great sense of accomplishment and pride. National Homeownership Month celebrates this milestone and honors hardworking individuals and families who have realized their dream of homeownership.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>B</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Building long-term wealth</h3><p id='' class='whywelove-text'>Homeownership is not only a place to call your own, but also an investment in your future. Real estate tends to increase in value over time, allowing homeowners to build equity and generate long-term wealth. This can provide financial stability for both the current homeowner and future generations.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>C</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Creating strong communities</h3><p id='' class='whywelove-text'>National Homeownership Month recognizes the role that homeownership plays in creating strong and thriving communities. Homeowners are more likely to invest time and money into their neighborhoods, leading to safer streets, better schools, and increased community involvement. Owning a home can also provide stability for families and help to reduce poverty levels within a community.</p></div></div>
<div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>1</p></div><div class='facts-core-content'><h3 class='facts-title'>Homeownership Contributes to the Economy</h3><p class='facts-content'>The housing sector directly contributes to the U.S. economy's health by providing jobs in construction, real estate, and financial services. According to the U.S. Bureau of Economic Analysis, real estate growth has historically averaged between 12-15% of GDP.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>2</p></div><div class='facts-core-content'><h3 class='facts-title'>Homeowners Enjoy Tax Benefits</h3><p class='facts-content'>Several tax benefits come with homeownership. These include mortgage interest deduction, property tax deduction, and the potential for capital gains exclusion when selling the home if it increases in value.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>3</p></div><div class='facts-core-content'><h3 class='facts-title'>Your Home is a form of Savings</h3><p class='facts-content'>Every mortgage payment made is a form of savings as it increases the owner's equity in the home. So owning a home is a way to build wealth over time.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>4</p></div><div class='facts-core-content'><h3 class='facts-title'>Households Owning a Home Are Likely to Have Lower Rates of Financial Insecurity</h3><p class='facts-content'>According to a Federal Reserve report, families that own their own homes generally have lower rates of financial insecurity and are less likely to experience economic hardships.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>5</p></div><div class='facts-core-content'><h3 class='facts-title'>Homeownership Can Lead to Increased Educational Achievement</h3><p class='facts-content'>Research suggests that children of homeowners may have higher achievement in school and are more likely to graduate high school. Homeownership provides family stability, which is beneficial for children's educational attainment.</p></div></div>
National Homeownership Month is celebrated on June 1 every year. In 2024 National Homeownership Month will fall on a Saturday.
2023
Jun 1
Thursday
2024
Jun 1
Saturday
2025
Jun 1
Sunday
2026
Jun 1
Monday
2027
Jun 1
Tuesday
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