The bar chart presents data on the households in owned and rented accommodation in England and Wales over a span of 93 years, recorded in percentage.
Overall, there was a remarkable shift between renting to owning property, over the given time frame. The ownership rates steadily increased while rental rates decreased. Nevertheless, this trend reversed negligibly after 2001.
In 1918, the vast majority of households rented their homes, with around 78% renting and only 22% owning. This trend continued up to 1953, although the percentage of homeowners gradually increased. By 1971, the proportion of homeowners and renters was equal, each making up 50% of households.
After 1971, homeownership rose significantly, reaching its peak in 2001 at 69%. Meanwhile, renting declined to about 31%. However, by 2011, the trend changed slightly, with homeownership dropping to 64% and renting increasing to 36%.
In conclusion, owning a home became more popular over the period from 1918 to 2001 and experienced opposite trend from 2001 to 2011.