illions of new renters and fewer new homeowners will push the percentage of households that own their own home down to 61.3 percent by 2030, according to the Urban Institute. That’s a steep fall from 63.6 percent in 2013. The homeownership rate has already fallen from 66.2 percent in 2000—before the distortions of the housing boom push the homeownership rate upwards.
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The homeownership rate will continue to fall as a clear majority of the 22 million new households in the U.S. between 2010 and 2030 move into rental housing—13 million will rent, only 9 million will buy their homes, according to the Urban Institute
Source: nreionline.com
The homeownership rate will continue to fall as a clear majority of the 22 million new households in the U.S. between 2010 and 2030 move into rental housing—13 million will rent, only 9 million will buy their homes, according to the Urban Institute. This will push the percentage of households that own their own home down to 61.3 percent by 2030 which is a steep fall from 63.6 percent in 2013 and the 66.2 percent in 2000.