The U.S. Census Bureau is reporting that national vacancy rates in the Q4 2017 were 6.9% for rental housing and 1.6% for homeowner housing. The rental vacancy rate of 6.9% was virtually unchanged from the rate in the fourth quarter 2016 (6.9%) and 0.6 percentage points lower than the rate in the third quarter 2017 (7.5%). The homeowner vacancy rate of 1.6% was 0.2 percentage points lower than the rate in the fourth quarter 2016 (1.8%) and virtually unchanged from the rate in the third quarter 2017 (1.6%). The homeownership rate of 64.2% was not statistically different from the rates in the fourth quarter 2016 (63.7%) or the third quarter 2017 (63.9%). Indeed…However, that 0.5% rise in the landownership rate was its first rise in 13 years!
Click here to read the full report on Census.gov.
