US Home Ownership Percentage

Facinating chart from Tom Keene’s blog, EconoChat, showing US Household ownership rates.

I have to disagree with Columbia University’s Ed McKelvey forecast for a 64% Home ownership rate.

In 1980, Home ownership was ~66%, it slid with the recession, bottoming under 64% in ’85. By 1995, as rates came down, advantageous tax changes were made, and (of course) vast wealth was being created by the stock market rally, the¬† ownership rate moved higher.

By the end of the dotcom boom, it was up to 67%. Five years later it was over 69%.

Today, we are back under 67%. I would expect to see at least another 1-2% come off of this rate, as we have another 3-5 million foreclosures.

But down to 64%? Quite a few things need to go very very wrong for McKelvey forecast of 64% Home Ownership rate to come true . . .


Balance Sheet Nation

Chart courtesy of EconoChat

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