Ellington Joins Race to Buy Rental Homes as Recovery Accelerates

Ellington Joins Race to Buy Rental Homes as Recovery Accelerates

Andrew Harrer/Bloomberg

The U.S. homeownership rate fell to 65.4 percent at the end of 2012, matching the level last seen in 1997 and down from a peak of 69.2 percent in June 2004, the Commerce Department reported.