Chart 43 64% Has Been the Long-Term, Over-the-Cycle Level of Homeownership in the U.S.

Chart 43 is a pie chart. One slice represents 64 percent of the total pie. The chart note describes that slice: "We estimate 64% was the average homeownership rate from the 1970s to 1994 and represents 'Good Quality Credits' to traditional lenders."

Sources: U.S. Census Bureau, Federal Reserve, and CIBC World Markets.