Home ownership on the rebound?

Home ownership has been sliding for more than a decade. Now, finally, there are indications that more households are opting to buy a home rather than rent. The peak of the housing bubble occurred in 2005. Since then, the percentage buying homes has fallen consistently, until now.

A rise in home buying is good for the economy as it puts more people to work in the building industry. It takes more workers to build a home than it does to build a rental unit.

The up tick in home buying also indicates greater consumer confidence in the economy.

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