Homeowner and Rental Vacancy Rates Continue to Decline in 2Q2014

from US Census

National vacancy rates in the second quarter 2014 were 7.5 percent for rental housing and 1.9 percent for homeowner housing, the Department of Commerce’s Census Bureau announced today. The rental vacancy rate of 7.5 percent was 0.7 percentage points (+/-0.4) lower than the rate in the second quarter 2013 and 0.8 percentage points (+/-0.3) lower than the rate last quarter. The homeowner vacancy rate of 1.9 percent was approximately the same as the rate in the second quarter 2013 (+/-0.1)* and 0.1 percentage point lower than the rate last quarter (+/-0.1)*.

The homeownership rate of 64.7 percent was 0.3 percentage points (+/-0.4)* lower than the second quarter 2013 rate (65.0 percent) and 0.1 percentage point (+/-0.4)* lower than the rate last quarter (64.8 percent).

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Source: http://www.census.gov/housing/hvs/files/qtr214/q214press.pdf