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FOR IMMEDIATE RELEASE: Tuesday, October 31, 2023

Quarterly Residential Vacancies and Homeownership, Third Quarter 2023

CB23-173



National vacancy rates in the third quarter 2023 were 6.6 percent for rental housing and 0.8 percent for homeowner housing. The rental vacancy rate was higher than the rate in the third quarter 2022 (6.0 percent) and higher than the rate in the second quarter 2023 (6.3 percent).

The homeowner vacancy rate of 0.8 percent was not statistically different than the rate in the third quarter 2022 (0.9 percent) and higher than the rate in the second quarter 2023 (0.7 percent).

The homeownership rate of 66.0 percent was virtually the same as the rate in the third quarter 2022 (66.0 percent) and not statistically different from the rate in the second quarter 2023 (65.9 percent).

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