Homeownership From The 40s-60s Rose Quite A Bit

[dropcap]T[/dropcap]he rapid rise in homeownership, which transformed the nation from a majority of renters in 1940 to a 60 percent homeowner majority by the 1960s, was fueled by the availability of credit. As Stone points out, residential mortgage indebtedness grew three times as fast as the GNP and disposable personal income from 1946 to 1965,…