Isabel: I'm on holiday order keflex One impact of the housing crisis and the Great Recession was a significant decline in the national homeownership rate. Falling from 69.2 percent in the middle of 2004, the homeownership rate stands at 65 percent as of the second quarter of 2013 according to Census data. However, the decline in homeownership is particularly concentrated among younger households. This fact presents distinct public policy and economic challenges, particularly with respect to tax and finance rules that govern the cost of buying a home with a mortgage.