US Housing Unit Vacancy Rate at 14.5%, According to the Census Bureau

03 Feb

Posted by: admin / Category: US Economy, US Real Estate

The Census Bureau today released the Report on Residential Vacancies and Homeownership. This data covered fourth quarter 2009.

From the release…

National vacancy rates in the fourth quarter 2009 were 10.7 percent for rental housing and 2.7 percent for homeowner housing.
The rental vacancy rate was higher than the fourth quarter 2008 rate 10.1 percent and not statistically different from the rate last quarter 11.1 percent.
For homeowner vacancies, the current rate was not statistically different from the fourth quarter 2008 rate 2.9 percent or from the rate last quarter 2.6 percent.
The homeownership rate at 67.2 percent for the current quarter was not statistically different from the fourth quarter 2008 rate 67.5 percent, but it was lower than last quarter’s rate 67.6 percent.

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