Homeownership rate at lowest level since mid-1960s

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Student loan debt and memories of the housing crash are likely causes for the dip in ownership.

August 18, 2016

Photo: Pixabay

The U.S. homeownership rate slid from 63.5% in the first quarter to 62.9%. That is its lowest level since 1965, according to the Census Bureau.

Student loan debt and delays in starting families have pushed the 18-34 age group's homeownership level to a historic low of 34.1%, according to Bloomberg. People in this group may also still be spooked by the housing crash of several years ago.

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