SD: Home Ownership Holds Steady Over Last Decade

The pursuit of that grandest of American dreams – a nice house with a white-picket fence – took a nosedive across America in the past decade. But not in Tonya Clyde’s neighborhood in the little community of Henry west of Watertown. And not, apparently, across South Dakota, either.

Nationally, homeownership fell from 66.2 percent to 65.1 percent this past decade, fueled in part by the bursting of the housing bubble that created thousands of renters because of homes lost to foreclosure or bankruptcy.

The recession left its mark in places such as Sioux Falls, too, where anecdotally at least, people talk about the combination of job losses and difficult economic times that are keeping college graduates at home longer and forcing multiple families into combined housing situations.

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