United States homeownership rate has increased to highest/lowest level ever
In 2014, homeownership dropped to a lower rate than it was in 1994, with a rate of 64%. Since 1960, the homeownership rate in the United States has remained relatively stable having increased 5.6% since 1960 when 62.1% of American households owned their own home.
Data showing that the percentage of Americans owning their own homes has increased each year, at least since 1995.
HOMEOWNERSHIP RATES, 1995 TO 2004
Source: Public Policy Institute of California, by way of the San Francisco Chronicle
But then the great recession
Home Ownership Rate in the United States decreased to 63.60 percent in the first quarter of 2017 from 63.70 percent in the fourth quarter of 2016. Home Ownership Rate in the United States averaged 65.27 percent from 1965 until 2017, reaching an all time high of 69.20 percent in the second quarter of 2004 and a record low of 62.90 percent in the second quarter of 1965.
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Updated: December 2017