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homeownership rate: Census: Homeownership Rate 67.4% in 2Q - 07/26/09 10:39 PM
The Census Bureau recently published their second quarter report on residential vacancies and homeownership rates which showed that the homeownership rate slipped from 68.1% from last year to 67.4% this year.
While the year over year decline in homeownership rate should not come as much of a surprise considering the number of Americans that are losing their home to foreclosure, what remains open for debate is how much farther the homeownership rate could fall.
Historically, prior to the housing frenzy that started in the late 1990's, the homeownership rate has ranged from 63-64%.  The rate peaked at 69.2% during the 4Q of 2004.
The concern … (3 comments)

homeownership rate: Homeownership bubble deflating - 02/04/09 12:49 PM
A couple of months ago I wrote a post about a bubble that you don't hear much debate about, the homeownership bubble.  The chart below shows that over the past decade, due to easy credit and cheap money, a disproportionate percentage of Americans than ever before have owned a home.  This trend is already in the process of "correcting".
The reason why that post as well as the new homeownership data published by the Census Bureau is relevant is because it holds the secret as to a housing recovery. 

The Census Bureau recently published their 4th quarter of 2008 homeownership … (6 comments)

 

Mark MacKenzie

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