US Homeownership Rate Crashes To Lowest Since 1965

by Tyler Durden
ZeroHedge.com
Jul 28, 2016

In hopes of promoting the narrative of a US housing recovery, one recurring thesis has been that as Millennials get older and start families, they will eventually leave their parents’ basement and buy a house or shift from renting to owning. So far the facts have refused to corroborate this, and according to the latest “Housing Vacancies and Homeownership” report released on Thursday, the dream of owning a home just became even more distant. The reason: after staging a feeble rebound in late 2015, the US homeownership rate just tumbled from 63.5% to 62.9%, tied for the lowest print going back more than 50 years, to 1965.

The Rest…HERE

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