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US home ownership craters under Obama

Apr 30, 2013 by

The US home ownership rate fell to the lowest in nearly 18 years pointing to the jump in demand for rental housing and investor purchases. A separate data release showed residential property prices posted the largest year-on-year gain in February since 2006.

The share of the country’s population that owned their homes fell to 65 per cent in the first quarter, down from 65.4 per cent in the same period in 2012 and the lowest since the third quarter of 1995, commerce department data showed on Tuesday. Home ownership is still far below the 2005 peak of 69.1 per cent

via US home ownership rate at near 18-year low – FT.com.

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