Hillary Clinton.com Cheers Obamanomics
(MarketWatch) The rate that Americans own their own homes fell in the first quarter to the third lowest on record and indication that worsening finances as well as changing preferences since the great recession are altering behavior.
The U.S. Dept of Commerce reported that the homeownership rate fell to 63.6% in the first quarter marking the third lowest figure since the 63.5% low in the second quarter 2015 — the homeownership rate was 67.8% in the quarter when the U.S. entered recession.
On Thursday I wrote here that the U.S. Dept of Commerce GDP report shows the nation’s economy growing at just an anemic 0.5% the slowest pace in two years.