VISION

NCS believes bridging the gap between the housing industry and Hispanic homebuyers will lead to an increase in homeownership thereby creating household wealth, stronger families and communities.

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There are now 57 million Hispanics in the U.S. They comprise 18 percent of the total population, up from 5 percent in 1970. The U.S. Hispanic population has been a key driver of the country’s population growth since at least 2000.­ This growth is fueled by a combination of factors including U.S. birth rates and immigration.

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From 2012-2014, Hispanics were the only major population group to simultaneously lower their poverty rate and increase their annual household income. The annual median income of Hispanic households soared 7.3 percent, to $42,491 in 2014 up from $39,600 in 2012. In 2014 alone, Hispanic household annual median real incomes rose, while poverty among Hispanics further declined to 23.7 percent.

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Since 2000, Hispanics have accounted for 52 percent of the growth in U.S. homeownership. Over the past 15 years, Hispanics achieved a net gain of 2.8 million homeowners, from 4.2 million in 2000 to 7.0 million in 2015, a growth rate of 67 percent. In contrast, there are 85,000 fewer non-Hispanic White homeowners now than in 2000.

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Introduction to NCS