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Homeownership hits 50-Year record lows
Weakened housing market restricts economic growth, stalling the American Dream for millions
Over the past ten years, homeownership rates in the U.S. collapsed, wiping out more than three decades of progress toward the American Dream for millions of households. Overall, the national homeownership rate dropped from a peak of 69 percent in 2004 to an average of 63.4 percent in 2016. If the homebuilding industry alone returned to ...