11/12/2017
One measure that assesses the strength of the housing market is homeownership rates, which can be defined as the proportion of all households in the nation that are owner-occupied. The U.S. Census Bureau has measured homeownership rates since 1965. While homeownership rates have increased steadily until 2004, the began falling prior to the beginning of the Great Recession. In 2016, the trend has begun to increase again, but current rates are on par with those in 1965-1966.
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