Vacancy And Homeownership Reports Show Slight Improvement

The U.S. Census Bureau’s Second Quarter Residential Vacancy and Homeownership report shows little movement in either the vacancy rate for homeowner housing or the national homeownership rate. But, according to their estimates, the numbers are moving in the right direction. The homeowner vacancy rate was 2.1 percent, which is 0.4 percent lower than last year and 0.1 percent below the previous quarter. The vacancy rate has now fallen in each of the past six quarters. The homeownership rate, on the other hand, has been relatively flat and is now at 65.5 percent, up just 0.1 percent from the previous quarter and 0.4 percent lower than the same quarter last year. But Jed Kolko, Trulia’s chief economist, writes that U.S. Postal Service data offers a more accurate picture of the number of occupied housing units based on addresses that are or are not receiving mail. According to those numbers, the number of occupied homes rose by nearly 1,000,000 last year, a 5.0 percent drop in the number of vacant houses nationally. More here and here.

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