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.
