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Latest Housing Report (Press Release from U.S. Census Bureau)

February 28th, 2012 | Posted by nextsteped | Posted in Blog, Real Estate News | No Comments »

RESIDENTIAL VACANCIES AND HOMEOWNERSHIP IN THE FOURTH QUARTER 2011

National vacancy rates in the fourth quarter 2011 were 9.4 percent for rental housing and 2.3 percent for homeowner housing, the Department of Commerce’s Census Bureau announced today. The rental vacancy rate of 9.4 percent was approximately the same as the fourth quarter 2010 rate (+/-0.5 percentage points)* and 0.4 percentage points lower than last quarter (+/-0.4). The homeowner vacancy rate of 2.3 percent was 0.4 percentage points lower than the fourth quarter 2010 rate (+/-0.2) and 0.1 percentage point lower (+/-0.1)* than the rate last quarter (2.4 percent).

The homeownership rate of 66.0 percent was 0.5 percentage points (+/-0.4) lower than the fourth quarter 2010 rate (66.5 percent) and 0.3 percentage points (+/-0.4)* lower than the rate last quarter (66.3 percent).

Read the rest of the press release here

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