May 01, 2013
Home ownership at lowest rate in 18 years
01 May 2013
Posted by Andrew Kantor
Nothing more to say — this is all over the news. A new report from the Census Bureau found that home ownership in the U.S. dropped to its lowest level since mid-1995, as more people rent rather than buy.
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.