Read / Add Comments
The average rate of homeownership in Connecticut has dropped significantly over the past five years, according to a new report from the U.S. Census Bureau.
Connecticut typically has an above-average rate of homeownership compared to the rest of the country, but the new data found that it is one of two states to show significant declines on that front between 2014 and 2019.
During that time span, the ratio of Connecticut owner-occupied households compared to total households in the state dropped 1.4 percent. The only state with a steeper decline was North Dakota at 2.5 percent.
The largest increases were reported in Wyoming (5.0 percent); Arizona (4.2 percent), Idaho (3.6 percent), Hawaii (3.5 percent), and Nevada (3.0 percent).
CT homeownership rate falling hartfordbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartfordbusiness.com Daily Mail and Mail on Sunday newspapers.