Home Vacancy Rate Edges Lower But Stays Elevated

Monday, 26 Apr 2010 01:02 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The share of empty U.S. homes fell slightly in the first quarter, a government report Monday showed, though vacancies remained at elevated levels amid continued weakness in the housing sector.

The first quarter vacancy rate fell to 2.6 percent from 2.7 percent in the fourth quarter of 2009, the Commerce Department reported. The first quarter rate was also just below the 2.7 percent rate in the same period a year ago.

An elevated vacancy rate is a sign that many homeowners have moved out of their primary residence even before it was sold.

Among the regions, the South had a vacancy rate of 2.8 percent while the Midwest's rate was 2.6 percent. The rate was 2.7 percent in the West, while the Northeast recorded the lowest rate, at 1.8 percent, the department said.

The share of empty rental homes fell to 10.6 percent in the first quarter from 10.7 percent in the final three months of last year. That's up from 10.1 percent in the first quarter of 2009.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Pro-Russian Group Denies Producing Ukraine Jewish 'Registration' Leaflets

Thursday, 17 Apr 2014 15:07 PM

Ukrainian Jews leaving Passover eve prayers were handed leaflets ordering them to either register with an interim govern . . .

Gallup Poll: Record Disapproval Ratings for Obama on Economy

Thursday, 17 Apr 2014 22:41 PM

More than half of Americans said they had virtually no confidence in President Barack Obama's ability to improve the nat . . .

Ben Carson: Americans 'Being Played' by Those Who Seek Division

Thursday, 17 Apr 2014 22:02 PM

Retired pediatric neurosurgeon Dr. Ben Carson said Thursday that Americans are "being played by those people who want to . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved