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The Census Bureau recently published the 2019 first-quarter numbers on the housing stock. Homeownership rates had bottomed out in 2016 at 62.9%. That was one quarter which was probably an anomaly. Generally, the bottom appears to have been about 63.5%.
It had generally risen since then, up to 64.8% last quarter. However, this quarter, it moved back down to 64.2%.
I have been watching this number because there have been mixed signals on the housing market. As the analysts at AEI point out, by some measures, mortgage standards have been easing. However, according to the