Cityscape: Volume 18 Number 1 | Article 10

The goal of Cityscape is to bring high-quality original research on housing and community development issues to scholars, government officials, and practitioners. Cityscape is open to all relevant disciplines, including architecture, consumer research, demography, economics, engineering, ethnography, finance, geography, law, planning, political science, public policy, regional science, sociology, statistics, and urban studies.

Cityscape is published three times a year by the Office of Policy Development and Research (PD&R) of the U.S. Department of Housing and Urban Development.

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Contesting the Streets

Volume 18, Number 1

Mark D. Shroder

Michelle P. Matuga

The Future Course of U.S. Homeownership Rates

Donald R. Haurin
The Ohio State University

The U.S. homeownership rate fell from 69.2 percent in the second quarter of 2004 to 63.4 percent in the second quarter of 2015, reversing the rise from 63.8 percent in the second quarter of 1994 (U.S. Department of Commerce, 2015). The question for this article is whether the rate will plunge another 20 percentage points, or by nearly one-third, by 2050. The largest previous recorded U.S. decline was a bit less than one-tenth during the Great Depression (from 1930 to 1940).