By John McManus | Builder
Opportunity or challenge?
Pew Research looks at the inverse of falling homeownership rates here. The rate of rentership is growing a leap and a bound. Consider that in the decade, 2006 to 2016, household formations grew by 7.6 million (a lot of that relatively recently).
In that 10 years, the number of households that rent eclipsed total household formations, even as the absolute number of households headed by owners slipped by 1.1 million in the wake and after-effects of the Great Recession.
