Homeownership falls


The U.S. homeownership rate fell to 66% in the last quarter of 2011.

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The U.S. homeownership rate fell to 66% in the last quarter of 2011.

The U.S. Census Bureau measures the percent of households that own their home quarterly and reported the figures Tuesday. Foreclosures have continued to take a toll on homeownership, while newly formed households have been reluctant to buy a first home. 

Homeownership peaked in 2004 at 69.2 percent before starting a steady decline in 2007. Today’s homeownership rate is on par with that of 1998.

In Oregon, the homeownership rate for the quarter registered 65.8 percent, a decline from 67 percent a year earlier.

Read more at OregonLive.com.

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