Homeownership Rates and Vacancies Holding Steady

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Posted To: MND NewsWire

Both homeownership and vacancy rates were essentially unchanged in the first quarter of this year according to data released on Thursday by the U.S. Census Bureau. The national homeownership rate slipped 0.4 percentage point to 64.2 percent compared to the fourth quarter of 2018 but was unchanged from a year earlier. The national vacancy rate was 7.0 percent, identical to the first quarters in each of the last four years. It was, however 0.4 point higher than the previous quarter, a change the Bureau called not statistically significant. The homeownership rate reached a record high of 69.2 percent during several quarters during 2004 to 2006 and then declined steadily through the housing crisis and the recovery, hitting a low of 62.9 percent in the second quarter of 2016. The Q4 2018 rate of…(read more)

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