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Why Americans are spending more on rent

Home ownership has plunged, new construction has not kept pace with population growth and a weak economy makes it hard for families to cover their rent
Friday, September 25, 2015 - 05:50

Washington

THE affordable housing crisis many renters face today in the US feels like a product of this particular moment. The homeownership rate has tumbled since the housing bubble, pushing more and more people into rentals. Thanks to the recession, new construction hasn't kept pace