Simply put, the economy is poor with higher than normal unemployment, millions of people underemployed, slow growth, and tight lending abound. So hearing the news that homeownership rates as a percentage of the population has fallen to its lowest rate in nearly two decades is not all that shocking. Only 64.8% of Americans own their own home, down from just a few months ago, and many economists say it may fall even lower with the advent of two things: Baby boomers retiring, and young couples staying in rentals longer and longer as they delay having children.
More details here: http://www.bloomberg.com/news/2014-04-29/u-s-homeownership-rate-falls-to-the-lowest-since-1995.html
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