Ian:  There was some recent data on these rates in Canada/BC also … with similar trends emerging.  A good debate on equity issues wrapped up in the whole home ownership bundle.

From the New York Times:

Debate

The rate of homeownership has declined to where it was in 1965, 62.9 percent.

Homeownership has been seen a vital part of the American Dream. But the rise in homeownership since the mid-1990s fed the housing bubble that almost burst the world economy. Is the decline in homeownership a reason for concern?