Lower marriage rates mean fewer home purchases

HUD adviser points to marriage rates as a contributor to larger numbers of renters in the U.S.
  • As marriage rates decline, it is affecting young adults' ability to make home purchases.
  • Married couples are 22 percent more likely to be homeowners than single people.

“Are we ceasing to be a nation of homeowners and becoming a nation of home renters?” asked Richard Green, the U.S. Department of Housing and Urban Development’s senior adviser for housing finance, at this week’s Real Estate Economics Symposium held in San Francisco.