Housing Vacancy Rates Improve in 2Q2012

July 27th, 2012
in econ_news, syndication

Follow up:

National vacancy rates in the second quarter 2012 were 8.6 percent for rental housing and 2.1 percent for homeowner housing, the Department of Commerce’s Census Bureau announced today. The rental vacancy rate of 8.6 percent was 0.6 percentage points lower than the rate recorded in the second quarter 2011 (+/-0.4 percentage points) and 0.2 percentage points lower than last quarter (+/-0.4)*. The homeowner vacancy rate of 2.1 percent was 0.4 percentage points lower than the second quarter 2011 rate (+/-0.2) and 0.1 percentage point lower (+/-0.1)* than the rate last quarter (2.2 percent).

The homeownership rate of 65.5 percent was 0.4 percentage points (+/-0.4) lower than the second quarter 2011 rate (65.9 percent) and 0.1 percentage point (+/-0.4)* higher than the rate last quarter (65.4 percent).

Steven Hansen

source: Census

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