Did You Know: Residential Vacancies

October 30 2009

By Sophia Stuart, Research Economist

  • National vacancy rates in the third quarter 2009 were 11.1 (+0.4) percent for rental housing and 2.6 (+0.1) percent for homeowner housing, the Department of Commerce's Census Bureau announced today. 
  • The Census Bureau said the rental vacancy rate was higher than the third quarter 2008 rate (9.9 percent) and higher than the rate last quarter (10.6 percent).
  • For homeowner vacancies, the  current rate was lower than the third quarter 2008 rate (2.8 percent), but was not statistically different from the rate last quarter (2.5) percent.
  • The homeownership rate at 67.6 (+0.5) percent for the current quarter was not statistically different from the third quarter 2008 rate (67.9 percent) or from last quarter's rate (67.4 percent).

 

Source: U.S. Census Bureau, Department of Commerce

 

 

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Fast Facts

Nearly one-quarter of first-time buyers are single females who purchased their first home on a median income of $47,400.
Source: 2008 NAR Profile of Home Buyers and Sellers.


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