Homeownership continues dismal decline; rentals soar

By Jann Swanson | Mortgage News Daily

Homeownership declined yet again in the second quarter of 2015. The Census Bureau said that the national rate dropped from 63.7 percent in the first quarter to 63.4 percent in the second and was more than a point down from the 64.7 percent where it stood a year earlier. Homeownership peaked at 69.2 percent in the second and fourth quarters of 2004 and flirted with that level periodically for the next four years but has declined steadily since the end of 2008.

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July 29, 2015

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