U.S. Homeownership Rate Falls to Lowest Since 1995
By Prashant Gopal & John Gittelsohn – Apr 30, 2013 11:55 AM ET
The U.S. homeownership rate fell to the lowest in almost 18 years, reflecting rising demand for rentals and investor purchases in the housing market.
The share of Americans who own their homes was 65 percent in the first quarter, down from 65.4 percent a year earlier and the lowest level since the third quarter of 1995, the Census Bureau reported today. The vacancy rate for rented homes dropped to 8.6 percent from 8.8 percent a year earlier, while vacancies for owner-occupied houses fell to 2.1 percent from 2.2 percent.
https://www.bloomberg.com/news/2013-04-30/u-s-home-vacancies-fell-in-first-quarter-from-prior-year.html
So much for the “Ownership society”.
What a farce that was. Thinly veiled indentured servitude.