India, Oct. 10 -- After a decade's worth of demographic and economic shifts, the U.S. has seen a significant change in the balance between renters and homeowners according to a new Value Penguin report. Most notably, the study found that millennial homeownership rates fell 20% in the past decade.

As the increase in renter households continue to outpace the growth of homeowners across all generations, the study also found that renters have become more likely to rent types of housing that have historically been far more popular among homeowners.

Key Findings:

* Millennials are less likely to own a home than to rent or stay with parents. From 2009 to 2016, there was a gradual drop in the number of households that owned a home and were hea...