While overall homeownership rates are shrinking, the decrease is far more pronounced for some minorities, especially black Americans. That’s the takeaway from a recent report from ApartmentList.

This racial divide underscores the increasing inequality that plagues the United States. By building equity, homeowners accumulate wealth, leading to the striking fact that the net worth of the average homeowner is 36 times more than that of the average renter. This makes it all the more troubling that minorities are less likely to own homes, particularly as their share of the population grows. The share of white households in the U.S. is currently 61.8 percent, down from 80.5 percent in 1980, and the Census Bureau projects that more than half of the American population will belong to a minority group by 2044.

In Dallas, one of the most diverse metropolitan areas in Dallas, the homeownership gap for minorities has decreased by 1.8 percent, but black Americans are still worse off than fellow ethnic minorities.

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UNT Team

Michael Garza, Jacob Flores, Esther Valero, Bobbie M. Daniels, Dawson Guerrettaz, and Juan Lopez will represent the University of North Texas at the Race to Zero competition.

Green building and design is one of the fastest growing segments of today’s homebuilding market as more and more homebuyers looking to avoid the high energy bills summer’s blazing temperatures often bring.

To train and encourage the green building professionals of tomorrow, the U.S. Department of Energy is hosting 40 teams from 34 schools across the United states, Canada, Norway, and China for its Race to Zero Student Design Competition. And with the guidance and encouragement of the Dallas Builders Association, the University of North Texas’ Association of Construction Engineering Technology will send its very own team to the National Renewable Energy Lab in Golden, Colo., this weekend.

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