Homeownership Stays at Lowest Level in a Decade

Summary


WASHINGTON -- The nation's homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand for housing.

The percentage of households that owned their homes was unchanged at 66.9 percent in the July-September quarter, the Census Bureau said Tuesday. That's the same as the April-June quarter.

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Extract


Homeownership Stays at Lowest Level in a Decade

The last time the rate was lower was in 1999, when the rate was 66.7 percent.

For decades, 64 percent of Amer...

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