The Census Bureau said Q3 rates were not statistically different from the prior quarter
The rates of homeownership and rental and homeowner vacancies during the third quarter were not statistically different from second-quarter rates, according to statistics released by the Census Bureau.
The homeowner vacancy rate was 1.6% during the quarter, a slight increase from the 1.5% rate in the second quarter. The homeowner vacancy rate in the third quarter of 2016 was 1.8%.
For rentals, the vacancy rate was 7.5%. The figure is a slight increase from the 7.3% rate in the second quarter and is 0.7 percentage points higher than the 6.8% rate in the year-ago period.
The homeownership rate was 63.9% during the third quarter, up slightly from both the 63.7% rate in the second quarter and the 63.5% rate in the third quarter of 2016.
According to the Census Bureau, the median asking rent for vacant for rent units in the third quarter was $912, while the median asking sales price for vacant for sale units was $187,300.
The Northeast region recorded the highest homeowner vacancy rate at 1.9%. This rate was 1.8% in the South, 1.4% in the Midwest, and 1.2% in the West. In terms of rental vacancy rates, the South had the highest third-quarter rate at 9.4%. The Midwest followed with 8.1%, with the West having 5.8% and the Northeast having 5.5%.
Across the US, approximately 87.1% of housing units were occupied during the quarter, while 12.9% were vacant. Of all housing units, owners occupied 55.7%, while renters occupied 31.4%.
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The homeowner vacancy rate was 1.6% during the quarter, a slight increase from the 1.5% rate in the second quarter. The homeowner vacancy rate in the third quarter of 2016 was 1.8%.
For rentals, the vacancy rate was 7.5%. The figure is a slight increase from the 7.3% rate in the second quarter and is 0.7 percentage points higher than the 6.8% rate in the year-ago period.
The homeownership rate was 63.9% during the third quarter, up slightly from both the 63.7% rate in the second quarter and the 63.5% rate in the third quarter of 2016.
According to the Census Bureau, the median asking rent for vacant for rent units in the third quarter was $912, while the median asking sales price for vacant for sale units was $187,300.
The Northeast region recorded the highest homeowner vacancy rate at 1.9%. This rate was 1.8% in the South, 1.4% in the Midwest, and 1.2% in the West. In terms of rental vacancy rates, the South had the highest third-quarter rate at 9.4%. The Midwest followed with 8.1%, with the West having 5.8% and the Northeast having 5.5%.
Across the US, approximately 87.1% of housing units were occupied during the quarter, while 12.9% were vacant. Of all housing units, owners occupied 55.7%, while renters occupied 31.4%.
Related stories:
Vacant property rate posts slight decline in Q3
Moderate growth expected for commercial real estate
