Yes they do.

I have lived it and witnessed it my entire life.

My family did. I have. My clients have.

I also, I've kept my homes on average for 14 years.

Most of my non-military clients have for at least 8 years. I take issue with the 4 year stat for non-military owners.

Perhaps not all homeowners however I suspect many do. 

Then again, perhaps we need to define "wealth" in this context.

It depends on where the home is, Peter Mohylsky. Broker Associate. Here in the San Francisco Bay Area, values and, thus, homeowner's equity has been rocketing upwards for several years.

Homes in my neighborhood are now selling for well over twice what they were selling for in 2013.