Why the homeownership rate isn’t likely to take off anytime soon

The rate is being dragged down by tight credit and young households putting off purchasing their first homes

By Laura Kusisto | The Wall Street Journal

The homeownership rate fell again in the fourth quarter, underscoring the challenges President Donald Trump faces in fulfilling his promise to bring back the American dream of homeownership.

The homeownership rate declined to 63.7% in the fourth quarter from 63.8% a year earlier, the Census Bureau said Tuesday.

The seasonally adjusted homeownership rate also ticked down slightly to 63.5% from 63.6% a year earlier, though it was up slightly from 63.4% in the previous quarter.

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February 1, 2017

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