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Home Ownership: 1982-89

As the below numbers demonstrate, the ownership rate did not change noticably during the Reagan Era, averaging about 64%. Over the past thirty years, rates have stayed in the 63-65% range. Here's a snapshot of the ownership rates at each 10-year census:

Source: US Bureau of the Census, historical home ownership rates.

Home Ownership Rate
	1990	1980	1970	1960	1950	1940	1930	1920	1910	1900
US	64.2%	64.4%	62.9%	61.9%	55.0%	43.6%	47.8%	45.6%	45.9%	46.5%

Home ownership figures can also be skewed by the public perception of the house as an investment. For example, in the late 1970s and early 1980s, ownership increased in part because people felt owning a home was a hedge against future inflation, despite the fact that declining incomes made it harder to own a home. Conversely, during most of the 1980s declining inflation made home ownership less of an investment, especially with a booming stock market.

Source: US Bureau of the Census, Housing Vacancy Survey, table 5.

Homeownership Rates for the United States
Year	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
1982	64.8%	64.9	64.9	64.5
1983	64.7	64.7	64.8	64.4
1984	64.6	64.6	64.6	64.1
1985	64.1	64.1	63.9	63.5
1986	63.6	63.8	63.8	63.9
1987	63.8	63.8	64.2	64.1
1988	63.7	63.7	64.0	63.8
1989	63.9	63.8	64.1	63.8

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