Rental Vacancies Lowest Point Since 2002 Homeownership Rises

Posted on Jul 27, 2012

Vacancy rates in both rental and homeowner properties dropped in the second quarter of 2011 the U.S. Census Bureau said on Friday.  Vacancy rates for rental houses declined 2 basis points from 8.8 percent in the first quarter of 2012 to 8.6 percent in the second quarter. One year earlier the rate was 9.2 percent.  Homeowner vacancies declined slightly, from 2.2 percent in the first quarter to 2.1 percent.  This rate was 2.5 percent one year earlier.

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