This month, we bring you our annual report on the kitchen and bath design trends that hold the greatest appeal for buyers.
Slow Economic Growth Due To Homeownership Rate Drop, New Study Says
A return to more typical homeownership rates could have added more than $300 billion to the economy last year
Slow U.S. economic growth since the Great Recession that began in 2008 is due almost entirely to a drop in the homeownership rate, according to a study by Rosen Consulting Group. A return to more typical homeownership rates seen in the previous 50 years could have added more than $300 billion to the economy last year, the study said. Despite 7.5 million new total households in the past decade, there were nearly 1 million more homeowners in 2006 than there were in 2016.