(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-5WB8HLVL'); Homeownership Rate Drops to 51-Year Low | Hamilton Zanze

Homeownership Rate Drops to 51-Year Low

hamilton-zanze August 16, 2016

The U.S. homeownership rate fell to a five-decade low in the second quarter of 2016, according to the Census Bureau. At 62.9%, the homeownership rate is exactly where it was in the first quarter of 1965.

After reaching a high of 69.2% in the fourth quarter of 2004, the percentage of homeowners dropped dramatically as residents faced the worst recession since the Great Depression. Meanwhile, the rental vacancy rate – which includes all forms of rental housing — dropped to its lowest level since the fourth quarter of 1985.

Read more at Axiometrics.com

Print Friendly, PDF & Email