NAA Industry Insider: Homeownership Rate Falls to Mid-1990s Level

According to U.S. Census data, the share of Americans who own their homes settled at about 64.8 percent in the first three months of this year - down from 65.2 percent in the fourth quarter of 2013. The rate has fallen steadily since peaking at 68.9 percent in 2006, due in part to the foreclosure crisis. But even after two years of housing recovery, the pace of homeownership has not returned to pre-recession levels and is, in fact, the lowest it has been since 1995.

Read more of today's NAA Industry Insider.