Just because I'm petty and George Bush was very proud of the increase the home ownership rate under his presidency, latest census figures out today have the home ownership rate at 66.5%. It peaked at 69.2% in 2004, falling to 67.5% as Bush was about to leave office.
66.5% brings us back to 1998 levels. While this is a bad thing to some extent due to the fact that it's in part a symptom of other bad things, there really isn't any reason that everyone should feel inclined to own a home.
...CR has more.