Homeownership Rate Hits 10 Year Low. Watch Out for Rent Inflation

The Census Bureau has released its survey of Residential Vacancies and Homeownership for the fourth quarter of 2010. 

Homeowner Vacany and Rental Vacancy statistics are 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 for sale. The rental vacancy rate is the proportion of the rental inventory which is vacant 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.

Quick Recap.....

Total Housing Units in the United States:  130.85 million vs. 130.19 million in Q4 2009

How Many Are Occupied: 112.45 million (85.9% of total) vs. 111.37 million in Q4 2009

• How Many Are Owner-Occupied: 74.78 million (57.2% of total) vs. 74.81 million in Q4 2009
  

• How Many Are Occupied By Renters: 37.67 million (28.8% of total) vs.  36.56 million in Q4 2009
  

How Many Homes Are Vacant: 18.39 million (14.1% of total) vs. 18.82 million in Q4 2009

How Many Homes Are Being Held of the Market: 7.23 million (5.5%) vs. 6.77 million in Q4 2009

...(read more)

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Source: http://www.mortgagenewsdaily.com/01312011_vacancies_and_homeownership.asp

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