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A new way of measuring America's homeownership rate finds that it is far lower than commonly understood, especially for young adults.
Why it matters: Housing is the largest source of wealth for many Americans, and the new measure finds that barely half of adults have access to that piggy bank.
Zoom out: The findings show "that younger people are having an even harder time buying a house than traditional data would suggest," per a note about the findings from housing policy analyst Jaret Seiberg at TD Cowen.
