With the Great Recession pulling the rug out from under homeownership, optimists expected a population percentage of single-family home ownership to return to the near 70% share of U.S. households in the foreseeable future. This had been reached early in the previous decade.
Such expectation seems now to have gone up in smoke, even as near-all-time-low mortgage rates have remained in place for some time. However, the popular homeownership mentality, so dominant in the multi-decade period prior to the Great Recession, has not reasserted itself. The pre-crisis percentage hit a rock-bottom low of 63.5% in mid-2014.