Wednesday, May 8, 2013

Home Ownership Increases Dramatically: 20 year snapshot



HUD tells us that at the end of 1991, there were roughly 60 million families that owned a home and 33 million families that rented a home or an apartment. 

At the end of 2011 (i.e., 20 years later and the most recent year for which data is available), there were 76 million families that owned a home (+27%) and 39 million families that rented (+16%). 

HUD also tells us that 3 out of every 4 American households added in the last 2 decades were homeowners as opposed to renters. 

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