U.S. homeownership rate lowest in 20-plus years

For the first time in more than 20 years, the homeownership rate in the U.S. has fallen below 64 percent, the U.S. Census Bureau announced Tuesday.

The seasonally adjusted 63.8 percent rate is far below the 69 percent rate just 10 years ago — a time when homebuying may have been the easiest for Americans.

When one looks at the regional and age breakdowns of the falling homeownership rates, some of the country's largest homebuilders such as Lennar Corp., Toll Brothers and KB Homes may well go back to their gamebook to devise a new strategy.

More