Both the U.S. homeownership rate and residential vacancy rate slipped lower in the 12 months ended in the fourth quarter of 2012 as a growing number of households shifted to rentals, though that shift slowed in the fourth quarter, according to data released today by the U.S. Census Bureau.
The national vacancy rate among rental units stood at 8.7% during the quarter, a gain of 0.1 percentage points from the previous quarter and a drop of 0.7 percentage points year-over-year. Among homeowner housing, 1.9% stood vacant, virtually unchanged from the previous quarter and down 0.4 percentage points year-over-year.
Read more...Shift Toward Rental Slowed in Fourth Quarter, Census Bureau Finds - Housing Data, Housing Trends, Rents - Multifamily Executive Magazine
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