Retirement living: Renters are outpacing homeowners

Screen Shot 2016-02-14 at 1.57.12 PMKelley Holland | Special to CNBC

Don’t look now, but it’s getting harder for older Americans to hold on to a key piece of the American dream.

Homeownership patterns are shifting for Americans over age 55, even as the senior population grows. Particularly among those age 55 to 64, renting is becoming more common, and that trend is likely to continue, according to Rolf Pendall, director of the Metropolitan Housing and Communities Policy Center at the Urban Institute.

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