The Homeownership Rate (HR) in the third quarter 2012 (65.5 percent) was lower than the third quarter 2011 rate (66.3 percent). HR in the South was lower than the corresponding second quarter 2011 rate, while the rates in the Northeast, Midwest, and West were not statistically different. The Rental Vacancy Rate (RVR) in the third quarter 2012 (8.6 percent) was lower than the third quarter 2011 rate (9.8 percent). The Homeowner Vacancy Rate (HVR) in the third quarter 2012 (1.9 percent) was lower than the third quarter 2011 rate (2.4 percent).
Housing Vacancies and Homeownership is a quarterly report released by the Economics & Statistics Administration, U.S. Department of Commerce, from data gathered by the United States Census Bureau that provides current information on rental and homeowner vacancy rates, and characteristics of units available for occupancy. Public and private sector organizations use this data to evaluate needs for new housing programs and initiatives. Furthermore, the rental vacancy rate is a component of the index of leading economic indicators used by the Federal Government and economic forecasters to gauge the current economic climate. Rental and homeowner vacancy rates and homeownership rates are available for the U.S., regions, states, and for the 75 largest Metropolitan Statistical Areas. Data for all geographies are available both quarterly and annually. Homeownership rates tabulate by age of householder and by family status for the U.S. and regions and by race/ethnicity of householder and by median family income for the U.S. In addition, estimates of the total housing inventory and percent distributions of vacant for-rent and for-sale-only units are available for the U.S. and regions.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., an independent, fee-only, registered investment adviser. Since 1999, Chris has devoted himself to the practice of financial planning services – helping individual investors seeking to make money, save money, protect money, have convenience and peace of mind. Connect with Chris@BryantWealthManagement.com.
Chris Bryant is an American financial advisor.