Census Bureau: Homeownership Rate Slips Marginally In Q2

Posted by Orb Staff on July 28, 2010 No Comments
Categories : Residential Mortgage

The homeownership rate was 66.9% in the second quarter, according to new data from the U.S. Department of Commerce's Census Bureau. The second-quarter rate was 0.5 percentage points lower than the rate recorded in the second quarter of 2009 and 0.2 percentage points lower than the rate from last quarter.

National vacancy rates remained steady, for the most part. National vacancy rates in the second quarter were 10.6% for rental housing and 2.5% for homeowner housing, according to the Census Bureau data. The rental vacancy rate was approximately the same as rates recorded in the second quarter of 2009 and last quarter. The homeowner vacancy rate was approximately the same as the second-quarter 2009 rate and 0.1 percentage point lower than the rate of 2.6% last quarter.

Approximately 85.6% of the housing units in the U.S. in the second quarter were occupied, and 14.4% were vacant. Owner-occupied housing units made up 57.3% of total housing units, while renter-occupied units made up 28.3% of the inventory.

SOURCE: U.S. Department of Commerce

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