Holding Homeownership

home ownershipWhile the seasonally adjusted Q1/16 home ownership rate of 63.6% slipped from 63.7% in Q4/15, the long decline in homeownership is over. In Q1/15, the rate was 63.8%, just 0.2 percentage points above where it is now, its smallest January to January decline in six years. Moreover, the most recent decline is occurring despite two-thirds of new households being renters, primarily because most Millennials remain too young to buy.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.