U.S. homeownership rate drops to lowest Since 1965
October 13, 2017
The U.S. homeownership rate fell to the lowest in more than 50 years as rising prices put buying out of reach for many renters.
The share of Americans who own their homes was 62.9% in the second quarter, the lowest since 1965, according to a U.S. Census Bureau report Thursday. It was the second straight quarterly decrease, down from 63.5% in the previous three months.