California's rate of homeownership continued a years-long slide in 2012 and is now the second lowest in the nation, according to a new Census Bureau report.
Just 54.1 percent of Californians lived in homes during the last quarter of 2012 that they or their families owned, the Census Bureau reported. Only New York, at 53.1 percent, had a lower rate.
The report covers the annual housing survey dating back to 2005, when California's home ownership rate was 60.1 percent. It has declined every year since.
Nationally, 65.4 percent of U.S. residents live in homes owned by themselves or their families. States range as high as 76.7 percent in West Virginia.
PHOTO CREDIT: New homes are under construction in West Sacramento on Thursday, July 8, 2010. Randall Benton / Sacramento Bee file, 2010.