Over the past 10 years, homeownership rates in the U.S. stumbled, wiping out more than three decades of increases. Overall, the national homeownership rate dropped from a peak of 69 percent in 2004 to an average of 63.4 percent in 2016.

Compared with pre-recession peaks, homeownership declines were largest among minority households, young adults, one-person households and single-parent households.