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Housing Vacancies and Homeownership (CPS/HVS)

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Fourth Quarter 2000

UNITED STATES
DEPARTMENT OF                     
COMMERCE 
NEWS

WASHINGTON, D.C. 20230


Robert R. Callis For Release 10:00 AM EDT, January 29, 2001 Linda B. Cavanaugh CB01-09


(301) 763-3199

CENSUS BUREAU REPORTS ON RESIDENTIAL VACANCIES AND HOMEOWNERSHIP

     National vacancy rates in the fourth quarter 2000 were 7.8 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 neither the rental vacancy rate nor the homeowner vacancy rate was significantly different from its corresponding rate in the fourth quarter of 1999 or from the rate last quarter.

Table 1. Rental and Homeowner Vacancy Rates for the United States: 1982 to 2000 (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
2000.....

1999.....

1998.....

1997.....

1996.....

1995.....

1994.....

1993r....

1993.....

1992.....

1991.....

1990.....

1989r....

1989.....

1988.....

1987.....

1986.....

1985.....

1984.....

1983.....

1982.....

7.9

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

8.0

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

8.2

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

7.9

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

1.6

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

1.5

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

1.6

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

1.6

1.6

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

rRevised.

     For rental housing, the vacancy rate was highest outside Metropolitan Areas (MAs), 9.5 percent, and lowest in the suburbs, 7.1 percent. None of the rental vacancy rates for areas changed significantly from their corresponding fourth quarter 1999 rates.

     The homeowner vacancy rate was lowest in the suburbs, 1.3 percent. None of the homeowner vacancy rates for areas changed significantly from their corresponding rates during the fourth quarter 1999.

     Among regions, the South, 10.8 percent, had the highest rental vacancy rate. The rental vacancy rate for the West decreased from 6.1 percent in the fourth quarter 1999 to 5.3 percent in the fourth quarter 2000. The other regions did not change significantly from their respective rates last year.

     The homeowner vacancy rate was highest in the South, 2.2 percent. Both the Northeast, 1.2 percent, and the West, 1.4 percent, showed significant decreases in the homeowner vacancy rates from fourth quarter 1999, while the other regions did not change significantly since last year.

Table 2. Rental and Homeowner Vacancy Rates By Area:
             Fourth Quarter 2000 and 1999 (in percent)

Rental vacancy rates Homeowner vacancy rates

Area
Fourth
Quarter
2000
Fourth
Quarter
1999
Standard
error on
2000
rate
Standard
error on
differ-
ence
Fourth
Quarter
2000
Fourth
Quarter
1999
Standard
error on
2000
rate
Standard
error on
differ-
ence
United States........

Inside MAs.........

In central cities

Not in central
cities (suburbs)

Outside MAs......

Northeast...........

Midwest.............

South.................

West..................

7.8

7.5

7.9


7.1

9.5

5.3

8.7

10.8

5.3

7.9

7.7

8.2


7.1

9.6

5.3

9.0

10.2

6.1

0.2

0.2

0.3


0.3

0.5

0.4

0.5

0.4

0.3

0.3

0.3

0.4


0.4

0.7

0.5

0.7

0.5

0.4

1.6

1.5

1.9


1.3

2.1

1.2

1.3

2.2

1.4

1.6

1.5

1.8


1.4

2.0

1.5

1.0

2.0

1.8

0.1

0.1

0.1


0.1

0.1

0.1

0.1

0.1

0.1

0.1

0.1

0.2


0.1

0.2

0.2

0.1

0.1

0.2

     There were an estimated 120.1 million housing units in the United States in the fourth quarter of 2000. Approximately 106.5 million housing units were occupied, 71.9 million by owners and 34.6 million by renters. The number of owner-occupied units was higher than one year ago, while the number of renter-occupied units did not change significantly from that reported one year ago. Of the 13.7 million vacant housing units, 10.2 million were for year-round use. Approximately 3.0 million of the year-round vacant units were for-rent, 1.2 million were for-sale-only, and the remaining 6.0 million were vacant for a variety of reasons.


Table 3. Estimates of the Total Housing Inventory for the United States:
         Fourth Quarter 2000 and 1999
         (Numbers in Thousands)


Type
Fourth
Quarter
2000
Fourth
Quarter
1999
Standard
error on
2000
Estimate
Standard
error on
difference
Percent of
total
(2000)
All housing units............

 Occupied......................
  Owner........................
  Renter........................

 Vacant..........................
  Year-round.................
   For rent...................
   For sale only............
   Other.......................

  Seasonal.....................

120,144

106,493
71,906
34,587

13,651
10,201
2,970
1,188
6,043

3,450

118,827

105,286
70,455
34,831

13,541
10,428
3,046
1,181
6,201

3,113

233

244
244
197

132
116
64
40
90

69

330

345
344
279

187
164
91
57
128

95

100

89
60
29

11
8
2
1
5

3

     During the fourth quarter of 2000, the homeownership rate was 67.5 percent. The homeownership rate was higher than the rate for the fourth quarter of 1999, but was not significantly changed from the rate last quarter.

Table 4. Homeownership Rates for the United States: 1980 to 2000
           (in percent)

Year Homeownership Rates1
First
Quarter

Second
Quarter
Third
Quarter
Fourth
Quarter
2000..........................................
1999..........................................
1998..........................................

1997..........................................
1996..........................................
1995..........................................
1994..........................................
1993r.........................................

1993..........................................
1992..........................................
1991..........................................
1990..........................................
1989r.........................................

1989.........................................
1988.........................................
1987.........................................
1986.........................................
1985.........................................

1984.........................................
1983.........................................
1982.........................................
1981.........................................
1980.........................................
67.1
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

67.2
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

67.7
67.0
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

67.5
66.9
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

1Standard errors for quarterly homeownership rates for the United States generally are 0.2 percent.
rRevised.

     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 fourth quarter homeownership rate, 67.6 percent, was higher than the rate for the fourth quarter of 1999, but was not significantly different from the rate last quarter.

Table 4SA. Homeownership Rates for the United States: 1980 to 2000
Seasonally Adjusted(in percent)

Year Homeownership Rates2 (Seasonally Adjusted)
First
Quarter

Second
Quarter
Third
Quarter
Fourth
Quarter
2000..........................................
1999..........................................
1998..........................................

1997..........................................
1996..........................................
1995..........................................
1994..........................................
1993r.........................................

1993..........................................
1992..........................................
1991..........................................
1990..........................................
1989r.........................................

1989.........................................
1988.........................................
1987.........................................
1986.........................................
1985.........................................

1984.........................................
1983.........................................
1982.........................................
1981.........................................
1980.........................................

67.1
66.8
66.0

65.5
65.2
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

67.3
66.7
66.1

r65.7
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

67.5
66.8
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

67.6
67.0
66.5

r65.8
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

2Standard errors for quarterly homeownership rates for the United States generally are 0.2 percent.
(NA) Not Applicable, only the revised series for 1989 and 1993 were used in calculating the seasonality adjustment.
rRevised.


     Homeownership rates in the fourth quarter of 2000 were highest in the Midwest at 73.1 percent and lowest in the West at 61.6 percent. Both the South, 69.8 percent, and the West, 61.6 percent, showed significant increases in their respective homeownership rates from those shown in the fourth quarter 1999.

Table 5. Homeownership Rates for the United States and Regions:
1996 to 2000 (in percent)

Homeownership Rates3

Year/Quarter
United
States
Northeast Midwest South West
2000
Fourth Quarter..............
Third Quarter................
Second Quarter.............
First Quarter.................

1999
Fourth Quarter..............
Third Quarter................
Second Quarter.............
First Quarter..................

1998
Fourth Quarter..............
Third Quarter................
Second Quarter.............
First Quarter..................

1997
Fourth Quarter..............
Third Quarter................
Second Quarter.............
First Quarter..................

1996
Fourth Quarter..............
Third Quarter................
Second Quarter.............
First Quarter..................


67.5
67.7
67.2
67.1


66.9
67.0
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


63.2
63.9
63.4
63.3


63.2
63.6
62.8
62.7


62.0
63.4
62.7
62.4


62.7
63.0
62.4
61.6


62.3
62.8
62.3
61.4


73.1
72.9
72.2
72.2


72.5
72.1
71.2
71.2


71.5
71.7
70.3
70.6


70.4
70.7
70.3
70.6


70.8
70.7
70.5
70.4


69.8
69.7
69.2
69.5


69.1
69.3
68.9
69.2


69.0
68.8
68.4
68.2


67.8
68.2
68.1
67.8


67.6
67.5
67.2
67.5


61.6
62.2
61.9
61.3


60.6
60.8
61.3
61.0


60.4
61.1
60.3
60.1


59.8
59.8
59.9
59.0


58.9
59.2
59.8
58.9

3Standard errors for quarterly homeownership rates by region generally are 0.5 percent.

     Homeownership rates by age of householder increased from their respective rates one year ago for householders under 35 years old, householders 45 to 54 years old, and householders 65 years and over. The rate for the group 55 to 64 years old decreased, while the rate for those 35 to 44 years old did not change significantly during the same period.

Table 6. Homeownership Rates by Age of Householder: 1996 to 2000
(in percent)

Year/Quarter Homeownership Rates4
United
States
Under
35 years
35 to 44
years
45 to 54
years
55 to 64
years
65 years
and over
2000
Fourth Quarter......
Third Quarter........
Second Quarter.....
First Quarter.........

1999
Fourth Quarter......
Third Quarter........
Second Quarter.....
First Quarter.........

1998
Fourth Quarter.....
Third Quarter.......
Second Quarter....
First Quarter.........

1997
Fourth Quarter......
Third Quarter........
Second Quarter.....
First Quarter.........

1996
Fourth Quarter......
Third Quarter........
Second Quarter.....
First Quarter.........


67.5
67.7
67.2
67.1


66.9
67.0
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


41.2
41.1
40.2
40.5


40.3
40.1
39.1
39.4


39.6
39.5
39.3
39.0


38.7
38.9
38.6
38.6


39.1
39.0
39.3
38.8


68.3
68.4
67.5
67.3


67.9
67.4
66.5
67.0


67.6
67.8
66.2
65.9


65.9
66.5
66.3
65.5


65.5
66.3
65.5
64.6


76.4
76.8
76.7
76.0


75.2
76.3
76.4
76.2


74.9
76.3
75.5
75.9


75.7
76.3
75.6
75.5


75.6
75.9
75.5
75.5


80.2
80.1
80.3
80.8


81.3
80.7
80.8
81.1


81.7
81.1
80.4
80.3


80.3
80.1
80.3
79.6


80.1
79.7
80.0
80.2


80.4
80.7
80.3
80.1


79.6
80.8
80.4
79.8


79.2
79.7
79.2
79.1


79.1
79.2
79.1
79.2


79.2
78.6
78.9
79.1

4Standard errors for quarterly homeownership rates by age of householder generally are 0.4 percent.

     The homeownership rates by race and ethnicity of householder ranged from 47.5 percent for Hispanic householders to 73.9 percent for White non-Hispanic householders. The homeownership rates for White householders, 71.2 percent, White non-Hispanic householders, 73.9 percent, and Hispanic householders, 47.5 percent, were higher than the respective rates for the fourth quarter 1999. The rates for Black householders and Other Race householders showed no significant change from one year ago.

Table 7. Homeownership Rates by Race and Ethnicity of Householder: 1996 to 2000
(in percent)

Year/Quarter Homeownership Rates5

U.S. Total

White,
total

White,
non-
Hispanic

Black,
total

Other
Race,
total

Hispanic6,
total

2000
Fourth Quarter.......
Third Quarter.........
Second Quarter......
First Quarter...........

1999
Fourth Quarter.......
Third Quarter.........
Second Quarter......
First Quarter..........

1998
Fourth Quarter.......
Third Quarter.........
Second Quarter......
First Quarter..........

1997
Fourth Quarter.......
Third Quarter.........
Second Quarter......
First Quarter..........

1996
Fourth Quarter.......
Third Quarter.........
Second Quarter......
First Quarter..........


67.5
67.7
67.2
67.1


66.9
67.0
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


71.2
71.5
70.9
70.7


70.5
70.7
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


73.9
74.3
73.7
73.4


73.3
73.5
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


47.8
46.8
46.7
47.4


46.8
46.6
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


52.4
53.9
54.4
53.6


54.3
54.5
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


47.5
46.7
45.4
45.7


45.5
45.5
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

5Standard 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.
6Hispanics may be of any race.

     Both the homeownership rates for households with incomes greater than or equal to the median family income and for households with incomes less than the median family income were statistically unchanged from the fourth quarter 1999 rate.

Table 8. Homeownership Rates by Family Income: 1996 to 2000 (in percent)

Homeownership Rates7

Year/Quarter United States Households with family
income greater than or
equal to the median
family income8
Households with family
income less than the
median family income
2000
Fourth Quarter.............
Third Quarter...............
Second Quarter............
First Quarter................

1999
Fourth Quarter.............
Third Quarter...............
Second Quarter............
First Quarter................

1998
Fourth Quarter.............
Third Quarter...............
Second Quarter............
First Quarter.................

1997
Fourth Quarter..............
Third Quarter................
Second Quarter.............
First Quarter.................

1996
Fourth Quarter..............
Third Quarter................
Second Quarter.............
First Quarter..................


67.5
67.7
67.2
67.1


66.9
67.0
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


81.6
81.7
81.8
81.4


81.6
81.7
81.5
81.1


80.7
81.6
80.7
80.7


80.5
80.9
80.8
79.7


80.1
80.5
80.3
79.7


51.8
52.2
50.8
51.4


51.2
51.4
50.8
51.2


51.1
51.1
50.0
50.2


50.0
50.2
50.0
49.9


49.8
49.4
49.2
49.4

7Standard errors for quarterly homeownership rates by family income generally are 0.3 percent.
8Based 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: www.census.gov/hhes/www/hvs.html

     The estimates in this release are based on a sample survey and therefore are subject to both sampling and non-sampling error. Sampling error is a result of not surveying the entire population. Non-sampling error occurs because accurate information cannot always be obtained. The standard errors provided in the tables are primarily measures of sampling error.

     Standard errors are used to: 1) measure the accuracy of the survey estimates, and 2) draw inferences from the survey data. For example, the standard error on the estimated rental vacancy rate of 7.8 percent is 0.2 percentage points. Consequently, the 90-percent confidence interval as shown by these data is from 7.5 percent to 8.1 percent; i.e., the interval 7.8 + (1.6 x 0.2) percentage points. Thus, one can say with about 90-percent confidence that the average rental vacancy rate derived from all possible samples is included in this confidence interval. Statements about differences are made only when the 90-percent confidence interval on the estimated difference does not include zero.


Go to Housing Vacancies and Homeownership: Fourth Quarter 2000

Source: U.S. Census Bureau | Housing Vacancies and Homeownership (CPS/HVS) |  Last Revised: 2012-09-25T14:34:02.646-04:00