Between 2010 and 2015, the United States saw an increase in the share of renter households of 9.4%, the fourth highest of any country examined in RentCafé’s most recent study. The only countries higher than the U.S. were the United Kingdom (22%), Ireland (12%), and Denmark (11.7%).
The United States does not rank in the top five in terms of countries with the highest percentage of renters, however. Switzerland has the highest percentage of renters at 56.6%. It is also the only country with more renters than homeowners. Hong Kong (49%), Germany (48.1%), South Korea (44.8%), and Austria (44.3%) round out the top five. The United States ranked 10th at 36.2%.
Conversely, the Russian Federation and Singapore experienced the largest declines in renter household ratio at 27.5% and 13.3% respectively. Along with Slovakia, these countries also have the highest homeownership rates.
To view the entire report, click here.
Related Stories
Multifamily Housing | Jul 7, 2016
Courtyards make Brooklyn’s Bushwick II residential development its own miniature city
Bushwick II will feature light-filled plaza spaces, a roof for urban living, and more than 800 apartment units.
Market Data | Jul 7, 2016
Airbnb alleged to worsen housing crunch in New York City
Allegedly removing thousands of housing units from market, driving up rents.
Market Data | Jul 6, 2016
A thriving economy and influx of businesses spur construction in downtown Seattle
Development investment is twice what it was five years ago.
Multifamily Housing | Jul 5, 2016
Apartments continue to shrink, rents continue to rise
Latest survey by RENTCafé tracks size changes in 95 metros.
High-rise Construction | Jun 29, 2016
Best Tall Buildings around the world favor unusual shapes and hybrid functions
The Council on Tall Buildings and Urban Habitat selects winners in four regions.
Multifamily Housing | Jun 22, 2016
Can multifamily construction keep up with projected demand?
The Joint Center for Housing Studies’ latest disection of America’s housing market finds moderate- and low-priced rentals in short supply.
Urban Planning | Jun 15, 2016
Swedish ‘Timber Town’ proposal from C.F. Møller provides a unique blend of nature and city
The development acts as a transition area between a traditional urban landscape and parklands.
Multifamily Housing | Jun 14, 2016
San Francisco voters approve tougher affordability requirement on new housing development
Critics charge that the measure may backfire and actually reduce new affordable units.
Building Team Awards | Jun 1, 2016
Multifamily tower and office building revitalize Philadelphia cathedral
The Philadelphia Episcopal Cathedral capitalizes on hot property to help fund much needed upgrades and programs.
Multifamily Housing | May 19, 2016
Architect Jean Nouvel designs flood-resilient Monad Terrace in Miami Beach
A man-made lagoon with lush vegetation at the base of the complex is expected to adapt to climate change and rising sea levels.
