Young adults are dragging their feet about buying a home--either by choice or necessity. The annual homeownership rate of the 30-to-34 age group fell below 50 percent in 2011 for the first time in the history of the Census Bureau's Housing Vacancy Survey, which dates back to 1982.
In two regions, however, homeownership is still the norm for householders in their early thirties. In the Midwest, the 58.0 percent majority of householders aged 30 to 34 are homeowners. In the South, 50.4 percent of 30-to-34-year-olds own a home. The figures are below 50 percent in the Northeast (45.8) and West (44.1).
Source: Census Bureau, Housing Vacancy Survey
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