Homeownership falls to lowest level since 1998

Rising prices and reduced mortgage availability are among the factors pushing homeownership levels down. down from 71% in 2003 and its lowest level since 1987. Ownership levels have been driven.

Reverse mortgage endorsements have dropped 15.5% in June from the previous month, hitting a low the industry hasn’t seen since 2005, according to data. and product features that can serve older.

While millennials had been fueling the steady growth in homeownership since 2017, they saw "some of the steepest falls," according to Kusisto. leaving minimal inventory at the middle and low end of.

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The nation’s homeownership rate fell in the first three months of 2011 to the lowest level since 1998, a recent U.S. Census report shows. A total of 66.4 percent of the nation’s 112 million occupied.

The U.S. homeownership rate was 63.4 percent in the second quarter, down from 63.7 percent in the previous three months, the Census Bureau reported Tuesday. It was lowest reading since 1967.

The preliminary index for December fell eight points, from 104 to 96, its lowest level since November 1998, said Chris McCarty, survey director for UF’s Bureau of Economic and Business Research..

The seasonally adjusted homeownership rate fell to 64.8 percent, the lowest level since the second quarter of 1995, the Commerce Department said on Tuesday.

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MORNING RADIO VIBES | DailyVee 056 NEW YORK (CNNMoney.com) — The number of Americans who own homes fell in the second quarter of the year to the lowest level since 1999, said a government survey released Tuesday. The Census Bureau.

Sources: ProgramBusiness.com article "Home Ownership in U.S. Falls to Lowest Level in Q2 Since 1998", Aug 1, 2001. US Census Bureau, News Release – "RESIDENTIAL VACANCIES AND HOMEOWNERSHIP IN THE SECOND QUARTER 2011", July 29, 2011

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But household formation climbs as more Americans look to rent. Indeed, the homeownership rate for 18- to 35-year-olds slipped to 34.1%, the lowest level in records dating to 1994. At 77.9%, the homeownership rate was highest for those 65 years and over. But the broader picture suggests a degree of economic strength: Renters are spurring.