U.S. Census Bureau
 Housing Vacancies and Homeownership (CPS/HVS)




Fourth Quarter 2008

Table 4. Estimates of the Total Housing Inventory for the United States: Fourth Quarter 2007 and 2008

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Type Fourth quarter 2007 estimate Fourth quarter 2008 estimate 90-Percent Confidence Interval (±)(a) 2008 Percent of total
of 2008 estimate of difference
All housing units 128,649 130,840 (X) (X) 100
Occupied 110,878 111,854 290 263 85
Owner occupied 75,164 75,508 628 429 58
Renter occupied 35,714 36,346 547 422 28
Vacant 17,771 18,986 380 333 15
Year-round vacant 13,324 14,189 371 317 11
For rent 3,838 4,141 180 198 3
For sale only 2,179 2,230 113 142 2
Rented or sold, awaiting occupancy 1,010 957 68 97 1
Held off market 6,297 6,861 267 228 5
For occasional use 2,005 2,069 150 129 2
Temporarily occupied by persons with usual residence elsewhere 1,110 1,245 117 99 1
For other reasons 3,182 3,547 195 165 3
Seasonal vacant 4,447 4,797 251 216 4
Footnotes:
Estimates are in thousands and may not add to total, due to rounding.
(a)  A 90-percent confidence interval is a measure of an estimate's reliability.  The larger the confidence interval is, in relation to the size of the estimate, the less reliable the estimate.
(X)  Not Applicable.  Since the number of housing units is set equal to an independent national measure, there is no sampling error, and hence no confidence interval.
NOTE:  Since first quarter 2003, the Current Population Survey/Housing Vacancy Survey (CPS/HVS) estimates have been controlled to independent housing unit counts.  Doing so should make the CPS/HVS estimate of housing units more  comparable to other Census Bureau housing surveys.  The housing controls affect the estimate of vacant units in the sense that the estimates of total occupied and vacant units sum to the control total.  Vacancy rates and homeownership rates are not affected by this change.  The totals shown above have a two-year time lag (4Q2007 uses 2005 housing unit controls from Population Division, which are projected forward and 4Q2008 uses 2006 housing unit controls from Population Division which are projected forward).  For the most current historical time series on total housing units and the
methodology used, please see Population Division's website:  http://www.census.gov/popest/housing/index.html.
Source: U.S. Census Bureau, Housing and Household Economic Statistics Division

Go to Housing Vacancies and Homeownership: Fourth Quarter 2008


Contact Bob Callis or Linda Cavanaugh 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