U.S. Homeownership Rate Lowest in 20 Years

Printer-friendly version
January 30, 2015

The Wall Street Journal cites data from Commerce Department estimates showing that U.S. homeownership is at its lowest level in 20 years at the end of 2014.

According to estimates, after adjusting for seasonal factors, 63.9 percent of U.S. households owned their homes in the fourth quarter. This level was last recorded in 1994, and the homeownership rate hasn’t fallen below that level since 1988.

The decrease from 2013’s 65.1 percent may reflect a large uptick in household formation, reporter Nick Timiraos argues, as the homeownership rate can fall as newly formed households opt for renting.

Read more

Comments on: "U.S. Homeownership Rate Lowest in 20 Years"

August 2017

This Month in Professional Builder

Products
Features

Gehan Homes expansion into entry-level home building through...

Overlay Init