Economy

Homeownership rate falls to lowest on record

By Joseph Lawler
Published July 28, 2016 3:24pm ET
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Homeownership rate falls to lowest on record
The homeownership rate fell from 63.5 percent in the first quarter to 62.9 percent in the second, tied for the lowest level since early 1965, when records were first kept. (AP Photo) | Steven Senne

U.S. homeownership fell to the lowest rate on record in the second quarter, the Census Bureau reported Thursday.

The homeownership rate fell from 63.5 percent in the first quarter to 62.9 percent in the second, tied for the lowest level since early 1965, when records were first kept.

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Census Bureau Finance Housing Joseph Lawler Minusextra