The national homeownership rate in the first quarter of 2015 was at 63.7 percent, the lowest quarterly rate since 1993, according to Harvard University’s State of the Nation’s Housing report.
Meanwhile the share of U.S. households that rent increased to a 20-year high of 35.5 percent in 2014. It was the 10th consecutive year of growth. Households aged 45-64 years old accounted for twice the share of renter growth in 2004-2014 than households under the age of 35.
The number of housing unit starts in 2014 inched just above 1 million, which, not including the housing downturn, would have been the lowest annual total in the past half-century.
The full report can be viewed here.
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