The Home Builders Association of Greenville are your neighbors and community leaders providing education and support for building industry professionals. We create jobs, encourage homeownership, and promote responsible growth throughout the upstate of South Carolina.
Monday, August 1, 2011
Homeownership rate falls to lowest level in 13 years
The U.S. homeownership rate fell to 65.9 percent in the second quarter of 2011. According to the U.S. Census Bureau, this is the lowest level since 1998.
According to the American Bankers Association, a 1 percent drop in homeownership equates to 1.1 million fewer homeowners.