Posts Tagged ‘rentals’

Homeownership Up From 50-Year Low

Posted on August 09, 2017 by Laura Lam

The U.S. homeownership rate climbed in the second quarter, a signal that the sharp downward spiral that began after the housing crash is finally reversing.  The homeownership rate hit 63.7% in the second quarter, the Census Bureau said, a jump of nearly a full percentage point from a year ago, when it touched a 50-year low of 62.9%. The share of Americans who own homes has climbed steadily since then.  The homeownership rate also edged up from the first quarter, when it sat at 63.6%. “The damage the [2007-09] great recession has done to the homeownership rate is likely reversing course,” said…

Home Ownership at Lowest Level in Almost 50 Years

Posted on August 06, 2015 by Saldutti

The U.S. homeownership rate fell to 63.4% in the second quarter of 2015, according to the U.S. Census. That is down from 63.7% in the first quarter and from 64.7% in the same quarter of 2014. It marks the lowest homeownership rate since 1967.  Homeownership peaked at 69.2% at the end of 2004, when the housing market was in the midst of an epic boom. The 50-year average is 65.3%. “It is now just five-tenths from the record low seen in 1965 in data going back also to 1965,” noted Peter Boockvar, an analyst with The Lindsey Group. “All the…