According to TAMU Real Estate Center's News Release No. 66 At the beginning of the 20th century, less than half of all Americans owned their own homes. Today, low interest rates have pushed homeownership rates to a record 68 percent, and that figure is still climbing. Experts say it will exceed 70 percent by 2013. ... Millions more new homeowners are coming down the road. As many as 1.63 million new households could be formed every year for the next decade. That translates to 2.17 million new homes needed annually Wow!
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