The U.S Census Bureau has released Residential Vacancies and Homeownership data for the first quarter of 2011. The data is derived from the Housing Vacancy Survey, which is a supplement to the Current Population Survey. The homeowner vacancy rate is the proportion of the homeowner inventory which is vacant and for sale. The rental vacancy rate is the proportion of the rental inventory which is vacant and for rent. A housing unit is vacant if no one is living in it at the time of the interview, unless its occupants are only temporarily absent. In addition, a vacant unit may be one which is entirely occupied by persons who have a usual residence elsewhere.
For an explanation of the methodology used in producing the housing inventory independent estimates, please see here.
Total Housing Units in the United States: 131.01 million vs. 130.35 million in Q1 2010
How Many Are Occupied: 112.16 million (85.6% of total) vs. 111.41 million in Q1 2010
- How Many Are Owner-Occupied: 74.49 million (56.9% of total) vs. 74.77 million in Q1 2010
- How Many Are Occupied By Renters: 37.67 million (28.8% of total) vs. 36.64 million in Q1 2010
How Many Homes Are Vacant: 18.85 million (14.4% of total) vs. 18.94 million in Q1 2010
How Many Homes Are Being Held of the Market: 7.37 million (5.6%) vs. 7.1 million in Q1 2010
Does the continued decrease in home ownership and increase in occupied rental units mean we are healing and reverting to the historically supported mean?
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