[T]he U.S. may never return to its mid-decade housing boom peak in which nearly 70 percent of occupied households were owned by their residents. ...
Nationwide, the homeownership rate fell to 65.1 percent - or 76 million occupied housing units that were owned by their residents - from 66.2 percent in 2000. That drop-off of 1.1 percentage points is the largest since 1940, when homeownership plummeted 4.2 percentage points during the Great Depression to a low of 43.6 percent.
Since 1940, the number of Americans owning homes had steadily increased in each decennial census due to a mostly booming economy, favorable tax laws and easier financing. The one exception had been 1980-1990, when ownership remained unchanged at 64.2 percent.
So the recent drop to 65.1 from nearly 70 is 4.9 points (not even mentioned!), or 7 percent, compared with a Great Depression drop to 43.6 from 47.8 (again, not mentioned!), or 8.8 percent.
Instead, the article spins the story with the statistical irrelevancy of the homeownership rate in the year 2000, evidently because the 2000s was the bubble decade, which doesn't count, unless George Bush did it, if it's bad thing.
Another deliberate diversion by AP Obama.
So the recent drop to 65.1 from nearly 70 is 4.9 points (not even mentioned!), or 7 percent, compared with a Great Depression drop to 43.6 from 47.8 (again, not mentioned!), or 8.8 percent.
Instead, the article spins the story with the statistical irrelevancy of the homeownership rate in the year 2000, evidently because the 2000s was the bubble decade, which doesn't count, unless George Bush did it, if it's bad thing.
Another deliberate diversion by AP Obama.
