Data released by the Census Bureau yesterday. shows that the U.S. homeownership rate dropped to 66.9 percent during the second quarter of this year, hitting its lowest mark in more than 10 years.
The Census Bureau reports that approximately 85.6 percent of the housing units in the United States last quarter were occupied. Owner-occupied homes made up 57.3 percent of total housing units, while renter-occupied units made up 28.3 percent of the inventory.
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