Home ownership still goal for majority of Americans: N.Y. Times Poll

Almost 90 percent of Americans think owning a home is still an important part of the American dream, despite the current housing market. That's according to a new New York Times/CBS poll released late yesterday. At the same time, only 49 percent of respondents said housing is a safe investment and 45 percent said it was a risky one. Other highlights of the poll:
June 30, 2011
670c2f5e68e9c136552e5673 Bungalow

Almost 90 percent of Americans think owning a home is still an important part of the American dream, despite the current housing market.

That's according to a new New York Times/CBS poll released late yesterday.

At the same time, only 49 percent of respondents said housing is a safe investment and 45 percent said it was a risky one.

Other highlights of the poll:

  • 36 percent approve of the Obama's administration's efforts on housing; 45 percent disapprove
  • 45 percent say government should be doing more to help the housing industry; 16 percent it should be doing less
  • 58 percent say lenders should require a 20 percent downpayment; 36 percent say they should not.

Read more at the N.Y. Times

About the Author

Jonathan Sweet

Jonathan Sweet is the editor in chief of Professional Remodeler, an award-winning trade publication for remodelers and home improvement contractors. He started his career covering homes and small businesses at a daily newspaper and has spent more than a decade writing for several construction trade publications including Qualified Remodeler, Construction Pro and Concrete Contractor. +Jonathan Sweet

Sign up for Custom Builder Newsletters
Get the latest news and updates.