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Renter Nation

September 8, 2010  |  by John Heithaus

http://yhoo.it/c1UK3i

Back to the ’90s: Barron’s projects that the share of U.S. households owning their homes will fall to 64% by 2015 —the level in 1993-94.

The American dream of owning a home is still very much alive, but it will be no more than a dream for a growing number of people over the next five years. That’s bad news for home builders, who already have big troubles, as June’s reports on housing starts, existing-home sales, building permits and unsold-home inventories showed. But it is good news for anyone renting out a home, apartment or condo, or any real-estate investment trust specializing in residential rental properties.

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