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Homeownership Declines again, Rents Continue to Escalate
Tuesday, April 28, 2015
Homeownership rates continued to fall during the first
quarter of 2015 while vacancy rates were stable in the short term. The Census Bureau said today that the homeownership
rate was 63.7 percent during the quarter, 1.1 points below the rate one year
earlier and 0.3 percentage point lower than in the fourth quarter of 2014.
The homeownership rate in the U.S. peaked in the second and
fourth quarters of 2004 when it hit 69.2 percent but has fallen steadily since
then. The current rate is lower than at
any time in the data provided by the Census Bureau, dating back to the first
quarter of 1995.
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