UNITED STATES DEPARTMENT OF COMMERCENEWS
WASHINGTON, D.C. 20230
Robert R. Callis For Release 10:00 AM EDT, July 22, 1999 Linda B. Cavanaugh CB99-132 (301) 763-3199CENSUS BUREAU REPORTS ON RESIDENTIAL VACANCIES AND HOMEOWNERSHIP
National vacancy rates in the second quarter 1999 were 8.1 percent in rental housing and 1.6 percent in homeowner housing, the Department of Commerce's Census Bureau announced today. The Census Bureau said that the rental vacancy rate was not significantly different from the rate in the second quarter of 1998 or from the rate last quarter. The homeowner vacancy rate was significantly lower than the rate last quarter, but showed no significant change from the rate in the second quarter of 1998.
Table 1. Rental and Homeowner Vacancy Rates for the United States: 1982 to 1999 (in percent)
Rental vacancy rate |
Homeowner vacancy rate | |||||||
Year |
First Quarter |
Second Quarter |
Third Quarter |
Fourth Quarter |
First Quarter |
Second Quarter |
Third Quarter |
Fourth Quarter |
1999..... 1998..... 1997..... 1996..... 1995..... 1994..... 1993r.... 1993..... 1992..... 1991..... 1990..... 1989r.... 1989..... 1988..... 1987..... 1986..... 1985..... 1984..... 1983..... 1982..... |
8.2 7.7 7.5 7.9 7.4 7.5 7.8 7.9 7.4 7.5 7.5 7.5 7.3 8.0 7.4 6.9 6.3 5.6 5.7 5.3 |
8.1 8.0 7.9 7.8 7.7 7.4 7.6 7.6 7.7 7.3 7.0 7.4 7.3 7.7 7.5 7.3 6.2 5.5 5.5 5.1 |
8.2 7.9 8.0 7.7 7.2 7.0 7.1 7.3 7.6 7.2 7.6 7.3 7.8 8.1 7.5 6.8 6.0 5.8 5.3 |
7.8 7.7 7.7 7.7 7.4 6.9 6.9 7.1 7.3 7.2 7.1 6.8 7.3 7.8 7.7 6.7 6.3 5.5 5.5 |
1.8 1.7 1.7 1.6 1.5 1.4 1.4 1.4 1.5 1.7 1.7 1.7 1.5 1.6 1.7 1.5 1.8 1.6 1.4 1.4 |
1.6 1.7 1.6 1.5 1.6 1.4 1.4 1.4 1.6 1.8 1.7 1.7 1.6 1.6 1.7 1.7 1.9 1.7 1.5 1.6 |
1.7 1.5 1.7 1.5 1.4 1.4 1.4 1.6 1.8 1.7 1.9 1.8 1.6 1.7 1.6 1.8 1.7 1.6 1.5 |
1.8 1.7 1.7 1.6 1.6 1.4 1.4 1.5 1.6 1.7 1.8 1.6 1.6 1.6 1.6 1.6 1.7 1.6 1.6 |
Table 2. Rental and Homeowner Vacancy Rates By Area:
Second Quarter 1999 and 1998 (in percent)
Rental vacancy rates | Homeowner vacancy rates | |||||||
Area |
Second Quarter 1999 |
Second Quarter 1998 |
Standard error on 1999 rate |
Standard error on differ- ence |
Second Quarter 1999 |
Second Quarter 1998 |
Standard error on 1999 rate |
Standard error on differ- ence |
United States........ Inside MAs......... In central cities Not in central cities (suburbs) Outside MAs...... Northeast........... Midwest............. South................. West.................. |
8.1 7.9 8.4 7.3 9.2 7.0 8.2 10.2 6.1 |
8.0 7.8 8.3 7.3 9.1 7.2 7.3 10.0 6.6 |
0.2 0.2 0.3 0.3 0.5 0.4 0.4 0.3 0.3 |
0.3
0.3 0.4 0.4 0.7 0.6 0.6 0.5 0.5 |
1.6
1.4 1.7 1.3 2.1 1.4 1.3 1.9 1.6 |
1.7
1.6 1.9 2.0 1.7 1.4 1.9 1.5 |
0.1
0.1 0.1 0.1 0.1 0.1 0.1 0.1 |
0.1
0.1 0.2 0.2 0.2 0.2 0.1 0.2 |
Table 3. Estimates of the Total Housing Inventory for the United States:
Second Quarter 1999 and 1998
(Numbers in Thousands)
Type |
Second Quarter 1999 |
Second Quarter 1998 |
Standard error on 1999 Estimate |
Standard error on difference |
Percent of total (1999) |
All housing units............ Occupied...................... Owner........................ Renter........................ Vacant.......................... Year-round................. For rent................... For sale only............ Other....................... Seasonal..................... |
119,306 104,826 69,820 35,006 14,480 11,024 3,134 1,123 6,767 3,456 |
117,401 103,521 68,347 35,174 13,880 10,672 3,112 1,167 6,393 3,208 |
234 244 243 198 136 120 65 39 95 69 |
332 346 343 280 190 168 92 56 133 95 |
100 88 59 29 12 9 3 1 6 3 |
Table 4. Homeownership Rates for the United States: 1980 to 1999
(in percent)
Year | Homeownership Rates2 | |||
First Quarter |
Second Quarter |
Third Quarter |
Fourth Quarter | |
1999..........................................
1998.......................................... 1997.......................................... 1996.......................................... 1995.......................................... 1994.......................................... 1993r......................................... 1993.......................................... 1992.......................................... 1991.......................................... 1990.......................................... 1989r......................................... 1989......................................... 1988......................................... 1987......................................... 1986......................................... 1985......................................... 1984......................................... 1983......................................... 1982......................................... 1981......................................... 1980......................................... |
66.7
65.9 65.4 65.1 64.2 63.8 63.7 64.2 64.0 63.9 64.0 63.9 63.9 63.7 63.8 63.6 64.1 64.6 64.7 64.8 65.6 65.5 |
66.6
66.0 65.7 65.4 64.7 63.8 63.9 64.4 63.9 63.9 63.7 63.8 63.9 63.7 63.8 63.8 64.1 64.6 64.7 64.9 65.3 65.5 |
66.8 66.0 65.6 65.0 64.1 64.2 64.7 64.3 64.2 64.0 64.1 64.0 64.0 64.2 63.8 63.9 64.6 64.8 64.9 65.6 65.8 |
66.4 65.7 65.4 65.1 64.2 64.2 64.6 64.4 64.2 64.1 63.8 63.8 63.8 64.1 63.9 63.5 64.1 64.4 64.5 65.2 65.5 |
Table 4SA shows the seasonally adjusted homeownership rates for the United States from 1980 to the present. (Research has shown that seasonality for homeownership rates is present.) The seasonally adjusted second quarter homeownership rate was higher than the rate for the second quarter of 1998, but not significantly different from the rate last quarter.
Table 4SA. Homeownership Rates for the United States:
1980 to 1999
Seasonally Adjusted (in percent)
Year | Homeownership Rates3 (Seasonally Adjusted) | |||
First Quarter |
Second Quarter |
Third Quarter |
Fourth Quarter | |
1999..........................................
1998..........................................
1997.......................................... 1996.......................................... 1995.......................................... 1994.......................................... 1993r.........................................
1993.......................................... 1992.......................................... 1991.......................................... 1990.......................................... 1989r.........................................
1989......................................... 1988......................................... 1987......................................... 1986......................................... 1985.........................................
1984......................................... 1983......................................... 1982......................................... 1981......................................... 1980......................................... |
66.8
66.0 65.5 r65.2 64.4 64.0 63.8 (NA) 64.1 64.0 64.1 64.0 (NA) 63.8 63.9 63.7 64.1 64.6 64.7 64.8 65.6 65.5 |
66.7 r66.1 r65.8 65.4 64.8 63.9 64.0 (NA) 64.0 64.1 63.9 63.9 (NA) 63.8 63.9 63.8 64.1 64.6 64.7 64.9 65.4 65.6 |
66.6
65.8 65.4 64.8 63.9 64.0 (NA) 64.1 64.0 63.8 63.9 (NA) 63.9 64.1 63.7 63.8 64.5 64.6 64.7 65.4 65.6 |
66.5
65.8 65.4 65.1 64.1 64.1 (NA) 64.3 64.1 64.0 63.7 (NA) 63.8 64.1 63.9 63.6 64.2 64.5 64.6 65.3 65.6 |
3Standard errors for quarterly homeownership rates
for the United States generally are 0.2 percent.
rRevised.
(NA) Not Applicable. Only the revised series for 1989 and 1993
were used in calculating the seasonality adjustment.
Table 5. Homeownership Rates for the United States and Regions:
1995 to 1999 (in percent)
Homeownership Rates4 | |||||
Year/Quarter |
United States |
Northeast | Midwest | South | West |
1999 Second Quarter................ First Quarter................. 1998 Third Quarter................ Second Quarter............. First Quarter.................. |
66.6 66.7 66.4 66.8 66.0 65.9 |
62.8 62.7 62.0 63.4 62.7 62.4 |
71.2 71.2 71.5 71.7 70.3 70.6 |
68.9 69.2 69.0 68.8 68.4 68.2 |
61.3 61.0 60.4 61.1 60.3 60.1 |
1997 Fourth Quarter.............. Third Quarter................ Second Quarter............. First Quarter.................. 1996 Third Quarter................ Second Quarter............. First Quarter.................. 1995 Third Quarter................ Second Quarter............. First Quarter.................. |
65.7 66.0 65.7 65.4 65.4 65.6 65.4 65.1 65.1 65.0 64.7 64.2 |
62.7 63.0 62.4 61.6 62.3 62.8 62.3 61.4 61.6 62.2 62.3 61.9 |
70.4 70.7 70.3 70.6 70.8 70.7 70.5 70.4 70.1 70.1 68.5 67.9 |
67.8 68.2 68.1 67.8 67.6 67.5 67.2 67.5 67.5 66.6 66.5 66.1 |
59.8 59.8 59.9 59.0 58.9 59.2 59.8 58.9 59.0 59.1 59.8 58.9 |
Table 6. Homeownership Rates by Age of Householder:
1995 to 1999
(in percent)
Year/Quarter | Homeownership Rates5 | |||||
United States |
Less than 35 years |
35 to 44 years |
45 to 54 years |
55 to 64 years |
65 years and over | |
1999 Second Quarter........ First Quarter......... 1998 Third Quarter........ Second Quarter..... First Quarter......... |
66.6 66.7 66.4 66.8 66.0 65.9 |
39.1 39.4 39.6 39.5 39.3 39.0 |
66.5 67.0 67.6 67.8 66.2 65.9 |
76.4 76.2 74.9 76.3 75.5 75.9 |
80.8 81.1 81.7 81.1 80.4 80.3 |
80.4 79.8 79.2 79.7 79.2 79.1 |
1997 Fourth Quarter...... Third Quarter........ Second Quarter..... First Quarter......... 1996 Third Quarter........ Second Quarter..... First Quarter......... 1995 Third Quarter........ Second Quarter..... First Quarter......... |
65.7 66.0 65.7 65.4 65.4 65.6 65.4 65.1 65.1 65.0 64.7 64.2 |
38.7 38.9 38.6 38.6 39.1 39.0 39.3 38.8 39.1 39.1 38.7 37.7 |
65.9 66.5 66.3 65.5 65.5 66.3 65.5 64.6 65.5 65.4 65.1 64.9 |
75.7 76.3 75.6 75.5 75.6 75.9 75.5 75.5 75.2 75.4 75.2 74.9 |
80.3 80.1 80.3 79.6 80.1 79.7 80.0 80.2 79.5 79.3 79.9 79.4 |
79.1 79.2 79.1 79.2 79.2 78.6 78.9 79.1 78.7 78.1 78.1 77.5 |
5Standard errors for quarterly homeownership rates by age of householder generally are 0.4 percent.
The homeownership rate remained highest for White non-Hispanic householders at 73.2 percent. The rates for homeownership for White and White non-Hispanic householders increased significantly from the second quarter 1998 rates, while rates for Black, Other race, and Hispanic householders showed no significant change.Table 7. Homeownership Rates by Race and Ethnicity of Householder: 1995 to 1999
(in percent)
|
U.S. Total |
White, |
non- Hispanic |
total |
Other |
total |
1999 Second Quarter......... First Quarter.......... 1998 Third Quarter......... Second Quarter...... First Quarter.......... 1997 Third Quarter......... Second Quarter...... First Quarter.......... 1996 Third Quarter......... Second Quarter...... First Quarter.......... 1995 Third Quarter......... Second Quarter...... First Quarter.......... |
66.6 66.7 66.4 66.8 66.0 65.9 65.7 66.0 65.7 65.4 65.4 65.6 65.4 65.1 65.1 65.0 64.7 64.2 |
70.4 70.3 70.1
70.4 69.7 69.6 69.3 69.5 69.4 69.0 69.1 69.2 69.2 68.7 68.8 69.0 68.7 68.2 |
73.2 72.8 72.6 73.1 72.5 72.1 71.9 72.3 72.1 71.6 71.8 71.8 71.7 71.4 71.2 71.1 70.9 70.4 |
45.3 46.3 45.9 46.6 44.7 45.2 45.1 45.3 44.4 44.5 44.4 44.5 43.7 43.8 44.3 43.0 42.2 41.2 |
53.2 52.8 52.7 53.6 53.5 52.3 52.5 53.1 52.7 51.8 51.4 51.5 50.0 50.9 48.4 46.5 46.7 47.2 |
44.9 46.2 45.7 44.9 43.9 44.4 44.0 43.0 43.3 42.6 42.3 43.5 43.9 41.4 41.1 42.5 42.8 41.8 |
6Standard errors for quarterly homeownership rates by race and ethnicity of householder generally are 0.2 percent for White and White non-Hispanic householders, 0.5 percent for Black householders, 1.0 percent for Other Race householders, and 0.7 percent for Hispanic householders.
7Hispanics may be of any race.
The homeownership rate for households with incomes less than the median family income in the second quarter of 1999 was 50.8 percent, while the rate for households with incomes greater than or equal to the median family income was 81.5 percent. Both rates were higher than the corresponding second quarter 1998 rates.
Table 8. Homeownership Rates by Family Income: 1995 to 1999 (in percent)
Homeownership Rates8 | |||
Year/Quarter | United States | Households with family income greater than or equal to the median family income9 | Households with family income less than the median family income |
1999 Second Quarter................ First Quarter................. 1998 Third Quarter............... Second Quarter............ First Quarter................. |
66.6 66.7 66.4 66.8 66.0 65.9 |
81.5 81.1 80.7 81.6 80.7 80.7 |
50.8 51.2 51.1 51.1 50.0 50.2 |
1997 Fourth Quarter.............. Third Quarter................ Second Quarter............. First Quarter.................. 1996 Third Quarter................ Second Quarter............. First Quarter.................. 1995 Third Quarter................ Second Quarter............. First Quarter.................. |
65.7 66.0 65.7 65.4 65.4 65.6 65.4 65.1 65.1 65.0 64.7 64.2 |
80.5 80.9 80.8 79.7 80.1 80.5 80.3 79.7 79.8 79.6 79.5 79.1 |
50.0 50.2 50.0 49.9 49.8 49.4 49.2 49.4 49.4 49.0 48.6 48.1 |
8Standard errors for quarterly homeownership rates by family income generally are 0.3 percent.
9Based on families or primary individuals reporting income.
Note: This press release along with more detailed data are available on the Internet. Our Internet address is: http://www.census.gov/hhes/www/hvs.html |