facebook
twitter
rss
account
search
search
 

U.S. home ownership rate remains low

Jan. 29, 2013 at 3:29 PM   |   Comments

WASHINGTON, Jan. 29 (UPI) -- The U.S. home ownership rate dropped in the fourth quarter of 2012, matching the lowest percentage since early 1997, the Census Bureau said Tuesday.

The home ownership rate fell from 65.5 percent in the third quarter to 65.4 percent in the fourth, which matches the first-quarter rates in 2012 and 1997. It has remained higher in every quarter in between.

Home ownership peaked in the first quarter of 2005 at 69.1 percent.

The Census Bureau said 86.3 percent of housing units were occupied in the third quarter of 2012.

The home ownership rate is the percentage of households that are owner occupied.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Deloitte: App downloads dwindle, 1 in 3 users disinterested
2
AESA radar integrated into new F-16V
3
Iran wants to develop mini-LNG plants
4
Twitter to remove pictures of deceased on family's request
5
Iraq worried by terrorist ties to oil
Trending News
Video
x
Feedback