NAA Industry Insider: Why Is There a Generation Stuck Living in Mom's Basement?

According to Census data, the U.S. homeownership rate dropped to 65 percent in the second quarter of 2013 from 69.2 percent in mid-2004, with younger generations hit the hardest. The share of Americans owning their homes slipped to 61.4 percent in 2012 from 68.6 percent in 2002 for those between the ages of 35 and 44, while the rate for the under-35 segment fell to 36.7 percent from 41.3 percent over the same time span. National Association of Home Builders economist Robert Dietz says the decrease in homeownership among the young will have far-reaching social and economic impacts. Read more.