A confluence of economic and demographic factors means fewer Americans own homes than at any time since 1965.
"The U.S. homeownership rate fell to the lowest in more than 50 years as rising prices put buying out of reach for many renters," reports Prashant Gopal.
According to a new report from the U.S. Census Bureau, the share of Americans who own their homes has fallen to 62.9 percent, which, Gopal notes, is the lowest since 1965.
"The drop extends a years-long decline from the last housing boom, in part because of tight credit and a shift toward renting in the aftermath of the crash," adds Gopal for an explanation of the historic trends. The homeownership rate peaked as recently in June 2004, at 69.2 percent.
FULL STORY: Homeownership Rate in the U.S. Drops to Lowest Since 1965
Just 15 Percent of U.S. Renters Could Afford Homeownership
In some markets, as few as 2.6 percent of renter households could afford the cost of an average home.
A Big Picture of the US Housing Market
A new report highlights the factors driving up housing costs around the country.
Millennials Now Majority Homeowners
Just over half of people in the ‘Y’ generation now own homes, but the largest generation also continues to dominate the rental market.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
The Five Most-Changed American Cities
A ranking of population change, home values, and jobs highlights the nation’s most dynamic and most stagnant regions.
Housing, Supportive Service Providers Brace for Federal Cuts
Organizations that provide housing assistance are tightening their purse strings and making plans for maintaining operations if federal funding dries up.
Op-Ed: Why an Effective Passenger Rail Network Needs Government Involvement
An outdated rail network that privileges freight won’t be fixed by privatizing Amtrak.
‘Quality Work, Fast’: NC Gears up for Homebuilding After Helene, Trying to Avoid Past Pitfalls
The state will field bids to demolish, repair and rebuild homes in the mountains. After struggles in eastern NC, officials aim to chart a different course.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Central Transportation Planning Staff/Boston Region MPO
Heyer Gruel & Associates PA
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions