Homeownership is a key housing and economic measure of social conditions. Due to the housing downturn, the national homeownership rate declined precipitously, and has failed to recover to its historical norm. In fact, the homeownership rate reached a 50 year low in the second quarter of 2016 and has only edged up slightly since then, rising to 63.5% at the end of 2016.

Read more at  Eye On Housing