For the fourth quarter of 2015, the homeownership rate for households headed by people age 30 to 34 fell 0.9 percentage points to 45.9%, from 46.8% the previous quarter. Following a rise for this demographic during the third quarter, the numbers for the fourth quarter were disappointing for the housing market.
New Strategist Press editorial director Cheryl Russell checks the latest Census Housing Vacancy and Homeownership Survey (HVS), which as indictated that the homeownership rate for this demographic is historically above 50%, but begain to tailspin in 2007:
In the second quarter of 2011, the rate fell below 50 percent for the first time. It's been stuck there ever since. The new age of first-time home buying is 35 to 39, but even this age group has been slipping toward the 50-percent threshold. In the fourth quarter of 2015, the homeownership rate of 35-to-39-year-olds climbed to 56.2 percent—up from the third quarter's record low of 54.6 percent.