U.S. Homeownership Rate Hits 20-Year Low
February 24, 2015 – 10:50 AM
(CNSNews.com) – The homeownership rate in the United States dropped to a 20-year low of 64.5 percent in 2014, according tonew data released by the Census Bureau.
The homeownership rate is the percentage of households that own the home in which they live. “It is computed,” says the Census Bureau, “by dividing the number of households that are owners by the total number of occupied households.”
The last time the annual homeownership rate was lower than 64.5 percent was in 1994, when it was 64.0%, according to Table 15 in the Census Bureau’s “Housing Vacancies and Homeownership” data.
https://cnsnews.com/news/article/terence-p-jeffrey/us-homeownership-rate-hits-20-year-low
Good….now you can stop with the ‘Ridgewood open house” nonsense.
well… when you are unemployed, its tough to own a house.