| HOUSING INVENTORY
 Housing Stock*
At the end of the third quarter of 2001, the estimate of the total
housing stock, 121,195,000 units, was down a statistically insignificant
0.3 percent from the second quarter of 2001 but increased a statistically
insignificant 1.2 percent above 2000’s third-quarter level. The
number of occupied units increased a statistically insignificant 0.1
percent from 2001’s second quarter and rose 1.0 percent above the
third quarter of 2000. Owner-occupied homes increased a statistically
insignificant 0.7 percent from the second quarter of 2001 and were up
1.6 percent above the past year’s third quarter. Rentals decreased
a statistically insignificant 1.3 percent from the previous quarter
and declined a statistically insignificant 0.3 percent from the third
quarter of 2000. Vacant units were down 3.4 percent from the past quarter
but increased 2.6 percent from 2000’s third quarter.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
All Housing
Units
|
121,195
|
121,615
|
119,785
|
- 0.3**
|
+ 1.2**
|
|
Occupied
Units
|
106,847
|
106,765
|
105,800
|
+ 0.1**
|
+ 1.0
|
|
Owners
|
72,774
|
72,252
|
71,637
|
+ 0.7**
|
+ 1.6
|
|
Renters
|
34,073
|
34,513
|
34,163
|
- 1.3**
|
- 0.3**
|
|
Vacant Units
|
14,348
|
14,850
|
13,985
|
- 3.4
|
+ 2.6
|
*Components may not add to totals because of rounding. Units in thousands.
**This change is not statistically significant.
Source: Bureau of the Census, Department of Commerce
|
 Vacancy Rates
The homeowner vacancy rate, at 1.9 percent, was up a statistically
insignificant 0.1 percentage point from the second quarter of 2001 and
was up 0.3 percentage point from the third quarter of 2000. The 2001
third-quarter national rental vacancy rate, at 8.4 percent, increased
a statistically insignificant 0.1 percentage point from the previous
quarter and was up a statistically insignificant 0.2 percentage point
from the same quarter of 2000.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
Homeowner
Rate1
|
1.9
|
1.8
|
1.6
|
+ 6**
|
+ 19
|
|
Rental Rate1
|
8.4
|
8.3
|
8.2
|
+ 1**
|
+ 2**
|
1Major changes related to the survey effective with
1994 first-quarter data.
**This change is not statistically significant.
Source: Bureau of the Census, Department of Commerce
|
 Homeownership Rates
The national homeownership rate, at an all-time high, was 68.1 percent
in the third quarter of 2001. The rate was up 0.4 percentage point from
the past quarter and was up 0.4 percentage point from the third quarter
of 2000. The homeownership rate for minority households, an all-time
high of 49.2 percent, increased 0.4 percentage point from the second
quarter of 2001 and increased 1.0 percentage point from the third quarter
of 2000. The 62.3-percent homeownership rate for young households, up
1.3 percentage point from the second quarter of 2001, was also an all-time
high. The young households rate increased 1.3 percentage point from
2000’s third quarter as well.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
All Households
|
68.1
|
67.7
|
67.7
|
+ 0.6
|
+ 0.6
|
|
Minorities
|
49.2
|
48.8
|
48.2
|
+ 0.8
|
+ 2.1
|
|
Young Married-Couple
Households
|
62.3
|
61.0
|
61.0
|
+ 2.1
|
+ 2.1
|
** This change is not statistically significant.
Source: Bureau of the Census, Department of Commerce
|
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