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US homeownership at 1995 levels despite housing rebound

from The Los Angeles Times

Homeownership in the United States remained flat last quarter, staying at its lowest level in nearly two decades and underscoring the dominant role investors have played in the housing recovery. The nation's homeownership rate was 65.1 percent on a seasonally adjusted level in the third quarter, unchanged from the second quarter, the Census Bureau reported Tuesday. Homeownership fell from a 65.3 percent rate in the third quarter last year. Besides the second quarter of this year, home ownership hasn’t been this low since the last three months of 1995. more

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