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Home Ownership Rate In U.S. Falls To Lowest Rate in 19 Years

By , on July 29th, 2014

The home ownership rate in the use for the 2nd quarter of 2014 was 64.7 percent, a small decline from 64.8 percent in the previous quarter and the lowest rate of home ownership in the U.S. we have seen since the 2nd quarter of 1995 when the rate was the same, 64.7%, according to data just released by the U.S. Census Bureau.

Here in the Midwest region of the country, the home ownership rate in the 2nd quarter of 2014 was 69.6%, an increase from 69.3% the quarter before.  Unlike the U.S. home ownership rate which is the same now as 19 years ago, the home ownership rate for the Midwest has risen over a full percentage point in the past 19 years from 68.5% in the 2n quarter of 1995 to 69.6% for the same period in 2014.  As the chart below shows, the Midwest region of the U.S. has the highest percentage of home ownership of any region in the nation!

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Chart Showing Rate of Home Ownership in U.S.

 

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