A growing economy should all other things equal lead to a higher home ownership rate as the rising productivity means that fewer man hours are required to build

A growing economy should all other things equal lead to a higher home ownership rate as the rising productivity means that fewer man hours are required to build a house. However the low interest rate environment the US (and the whole Western world) has experienced since 2001 has led to a declining rate of home ownership. > Historically speaking, the homeownership rate has risen above the 50-year low it reached during the second quarter of 2016 when it clocked in at 62.9 percent. Still, it's several percentage points away from its pre-recession peak of 69.2 percent. [0] [0]: https://www.thebalance.com/the-homeownership-rate-what-is-it-and-how-is-it-calculated-4175698 https://www.thebalance.com/the-homeownership-rate-what-is-it... Edit: you can also have a look at the graph on page five here. It shows that the home ownership rate topped around 2003 and has been on a steady decline since then: https://www.census.gov/housing/hvs/files/currenthvspress.pdf https://www.census.gov/housing/hvs/files/currenthvspress.pdf