U.S. Homeownership Finally Reversing from 50-Year Nadir?

The sharp downward spiral of homeownership may have ended. The ownership rate climbed in 2Q 2017 to 63.7%, an increase of nearly a full percentage rate from a year ago when it reached a 50-year low, according to numbers released by the Census Bureau. Economists believe the ill effects of the housing crash stemming from the great recession may be reversing course.

The sustained improvement is credited to an increase in new-owner households and a drop in renter ones. And the trend is viewed as a positive for the housing market and the U.S. economy overall, since new-home construction provides a big boost.

The trend may signal a shift for the multifamily sector too, which is seeing new supply delivered to the market, and a national vacancy rate that is climbing. Reis Inc. reports it climbed to 4.4% for the quarter, up from 4.2% a year earlier.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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U.S. Homeownership Finally Reversing from 50-Year Nadir?

Inside The Story

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