Homeownership rates across the U.S. were at their lowest level in the fourth quarter of 2014 in at least six years, according to information released recently by the U.S. Census Bureau.
Nationally, the figures showed, 64 percent of all households were owned by the occupants at the end of the year, the lowest rate for any quarter since at least 1995, the first year listed in the Bureau’s statistics.
Overall figures were not available for geographic areas smaller than a region, but other Census figures estimated that the homeownership rate in Horry County was 69.5 percent for a period from 2009 to 2013.
The rate in the South, 65.5 percent, was the second highest regional rate behind the Midwest, although both were still at a low mark for at least six years.
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The same held true across ethnic and age groups, but ownership rates for people age 55 and over held steadier since 2008 than those of other age groups.
Contact STEVE JONES at 444-1765 or on Twitter @TSN_SteveJones.