Question of the Day: What Percentage of U.S. Households Own Homes?

Feb 02, 2015
Question of the Day, Research, Current Events, Chart of the Week

Answer:  63.9%

Here’s the graph showing that this is the lowest rate of homeownership in the US for the past 20 years (from


Questions to ask students while they interpret this data:

  • What led to the dramatic drop in homeownership over the past decade?  Hint:  The Great Recession
  • Why do you think the rates of homeownership haven’t risen since the Great Recession?
    • Until recently, job market has been iffy
    • Banks have tighter lending requirements
  • In the article, the top picture shows a house sign with the term “Bank Owned.”  What does that mean?  Good opportunity to point out to students this concept of a mortgage and that most people borrow from the bank to own a home.
  • Do they have a long-term goal of owning a home some day?  Why or why not?

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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