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Housing Vacancies and Homeownership (CPS/HVS)
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Second Quarter 1995
Press Release
CENSUS BUREAU REPORTS ON RESIDENTIAL VACANCIES AND HOMEOWNERSHIP
National vacancy rates in the second quarter 1995 were 7.7
percent (+/-0.3) in rental housing and 1.6 percent (+/-0.1) in
homeowner housing, the Department of Commerce's Census Bureau
announced today. The Bureau said that the rental vacancy rate was
not significantly different from the second quarter 1994 rate or
the rate last quarter. The homeowner vacancy rate was higher than
the rate a year ago, but not significantly different from the rate
last quarter.
Table 1. RENTAL AND HOMEOWNER VACANCY RATES, FOR THE UNITED
STATES: 1980 to 1995
Rental Vacancy Rates Homeowner Vacancy Rates
First Second Third Fourth First Second Third Fourth
quarter quarter quarter quarter quarter quarter quarter quarter
1995 7.4 7.7 1.5 1.6
1994 7.5 7.4 7.2 7.4 1.4 1.4 1.4 1.6
1993r 7.8 7.6 7.0 6.9 1.4 1.4 1.4 1.4
1993 7.9 7.6 7.1 6.9 1.4 1.4 1.4 1.4
1992 7.4 7.7 7.3 7.1 1.5 1.6 1.6 1.5
1991 7.5 7.3 7.6 7.3 1.7 1.8 1.8 1.6
1990 7.5 7.0 7.2 7.2 1.7 1.7 1.7 1.7
1989r 7.5 7.4 7.6 7.1 1.7 1.7 1.9 1.8
1989 7.3 7.3 7.3 6.8 1.5 1.6 1.8 1.6
1988 8.0 7.7 7.8 7.3 1.6 1.6 1.6 1.6
1987 7.4 7.5 8.1 7.8 1.7 1.7 1.7 1.6
1986 6.9 7.3 7.5 7.7 1.5 1.7 1.6 1.6
1985 6.3 6.2 6.8 6.7 1.8 1.9 1.8 1.6
1984 5.6 5.5 6.0 6.3 1.6 1.7 1.7 1.7
1983 5.7 5.5 5.8 5.5 1.4 1.5 1.6 1.6
1982 5.3 5.1 5.3 5.5 1.4 1.6 1.5 1.6
1981 5.2 5.0 5.0 5.0 1.3 1.3 1.5 1.4
1980 5.2 5.6 5.7 5.0 1.3 1.4 1.4 1.4
rRevised.
The metropolitan/nonmetropolitan data normally shown in this press
release are not published this quarter. Because of the phase-in
of the new 1990 sample design, estimates for these areas will not
have their normal accuracy. We will resume publishing
metropolitan/nonmetropolitan area data in the third quarter 1995,
when the 1990 sample is fully phased-in.
The rental vacancy rate in the South (8.2 percent) was higher
than in the Midwest, but not significantly different from the
Northeast and West. The rental vacancy rates in each region were
approximately the same as one year ago.
For homeowner housing, the vacancy rates were highest in the
South and West and lowest in the Northeast and Midwest. The
homeowner vacancy rate in the West was higher than the second
quarter 1994 rate, while rates in the other regions showed no
significant change from a year ago.
Table 2. RENTAL AND HOMEOWNER VACANCY RATES,
BY REGION: SECOND QUARTER 1995 AND 1994
Rental vacancy rates Homeowner vacancy rates
2nd 2nd Std err Standard 2nd 2nd Std err Standard
Area Qtr Qtr on 1995 error on Qtr Qtr on 1994 error on
1995 1994 rate differ- 1995 1994 rate differ-
ence ence
United States.. 7.7 7.4 0.2 0.2 1.6 1.4 0.1 0.1
Northeast..... 7.5 7.1 0.4 0.5 1.5 1.4 0.1 0.2
Midwest....... 7.1 7.1 0.4 0.5 1.3 1.1 0.1 0.1
South......... 8.2 7.7 0.3 0.4 1.8 1.6 0.1 0.1
West.......... 7.7 7.3 0.3 0.5 1.8 1.5 0.1 0.2
rRevised.
There were an estimated 112.7 million housing units in the
United States in the second quarter 1995. Approximately 99.9
million were occupied, 64.7 million by owners and 35.3 million by
renters. Of the 12.8 million vacant housing units, 9.8 million
were for year-round use, while the remaining 3.2 million were
intended for seasonal use. Approximately 3.0 million of the year-
round vacant units were for rent, 1.0 million were for sale only,
and the remaining 5.8 million were vacant for a variety of reasons.
Table 3. ESTIMATES OF THE TOTAL HOUSING INVENTORY FOR THE
UNITED STATES: SECOND QUARTER 1995
(Numbers in thousands)
Standard Percent
Type Estimate1 error on distri-
estimate bution
All housing units........ 112,743 230 100
Occupied............................ 99,932 237 89
Owner occupied.................... 64,668 230 57
Renter occupied................... 35,264 191 31
Vacant.............................. 12,811 124 11
Year-round vacant.................. 9,794 109 9
For rent........................... 2,969 61 3
For sale only..................... 1,046 37 1
Other............................ 5,779 85 5
Seasonal.......................... 3,017 62 3
During the second quarter 1995, the homeownership rate was
64.7 percent (+/-0.3). The homeownership rate was higher than a year
ago and higher than the rate last quarter.
Table 4. HOMEOWNERSHIP RATES FOR THE UNITED STATES: 1980 to 1995
Homeownership Rates1
Year First Second Third Fourth
quarter quarter quarter quarter
1995................. 64.2 64.7
1994................. 63.8 63.8 64.1 64.2
1993r................ 63.7 63.9 64.2 64.2
1993................. 64.2 64.4 64.7 64.6
1992................. 64.0 63.9 64.3 64.4
1991................. 63.9 63.9 64.2 64.2
1990................. 64.0 63.7 64.0 64.1
1989r................ 63.9 63.8 64.1 63.8
1989................. 63.9 63.9 64.0 63.8
1988................. 63.7 63.7 64.0 63.8
1987................. 63.8 63.8 64.2 64.1
1986................. 63.6 63.8 63.8 63.9
1985................. 64.1 64.1 63.9 63.5
1984................. 64.6 64.6 64.6 64.1
1983................. 64.7 64.7 64.8 64.4
1982................. 64.8 64.9 64.9 64.5
1981................. 65.6 65.3 65.6 65.2
1980................. 65.5 65.5 65.8 65.5
1Standard errors for quarterly homeownership rates for the United
States generally are 0.2 percent.
rRevised.
The data in this release are the result of a sample survey and
are, therefore, subject to sampling variability. For example, the
standard error on the estimated rental vacancy rate of 7.7 is 0.2
percentage points. Consequently, the 90 percent confidence
interval as shown by these data is from 7.4 to 8.0; i.e., the
interval 7.7 +/- (1.6 x 0.2) percentage points. Thus, one can say
with about 90 percent confidence that the average estimate derived
from all possible samples is included in this confidence interval.
The 90 percent confidence intervals are shown in the text above for
selected items. The standard errors for other figures in this
release are given in the tables.
Hypothesis testing may be performed at various levels of
significance, where a level of significance is the probability of
concluding that the parameters are different when, in fact, they
are identical. All statements of comparison in the text have
passed a hypothesis test at the 0.10 level of significance. This
means that, for differences cited in the text, the estimated
difference between characteristics is greater than 1.6 times the
standard error of the difference.
In addition to sampling error, the figures in this release,
both the estimates and their standard errors, are also subject to
rounding error.
Source: U.S. Census Bureau
Go to Housing Vacancies and Homeownership: Second Quarter 1995
Contact Bob Callis or Melissa Kresin at (301)763-3199 or visit ask.census.gov for further information on the Housing Vacancy Survey.
Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: October 31, 2011
