| HOUSING INVENTORY
 Housing Stock*
At the end of the first quarter of 2002 the estimate of the total housing stock, 122,885,000 units, was up a
statistically insignificant 0.8 percent from the fourth quarter of 2001 and increased a statistically insignificant
1.4 percent above 2001’s first-quarter level. The number of occupied units increased a statistically insignificant
0.5 percent from 2001’s fourth quarter and rose 1.2 percent above the first quarter of 2001. Owner-occupied
homes increased a statistically insignificant 0.2 percent from the fourth quarter of 2001 and were up 1.7 percent
above last year’s first quarter. Rentals increased a statistically insignificant 1.1 percent from the previous
quarter and increased a statistically insignificant 0.4 percent from the first quarter of 2001. Vacant units were
up 3.0 percent from last quarter and increased 2.9 percent from 2001’s first quarter.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
All Housing
Units
|
122,885
|
121,963
|
121,148
|
+ 0.8**
|
+ 1.4**
|
|
Occupied
Units
|
108,120
|
107,633
|
106,794
|
+ 0.5**
|
+ 1.2
|
|
Owners
|
73,327
|
73,215
|
72,131
|
+ 0.2**
|
+ 1.7
|
|
Renters
|
34,793
|
34,418
|
34,663
|
+ 1.1**
|
+ 0.4**
|
|
Vacant Units
|
14,765
|
14,330
|
14,354
|
+ 3.0
|
+ 2.9
|
*Components may not add to totals because of rounding. Units in thousands.
**This change is not statistically significant.
Source: Census Bureau, Department of Commerce
|
 Vacancy Rates
The homeowner vacancy rate, at 1.7 percent, was down a statistically insignificant 0.1 percentage point from
the fourth quarter of 2001 but was up 0.2 percentage point from the first quarter of 2001. The 2002 first-quarter
national rental vacancy rate, at 9.1 percent, was a statistically insignificant increase of 0.3 percentage point from
the previous quarter and was up 0.9 percentage point from the same quarter last year.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
Homeowner
Rate1
|
1.7
|
1.8
|
1.5
|
– 6**
|
+ 13
|
|
Rental Rate1
|
9.1
|
8.8
|
8.2
|
+ 3**
|
+ 11
|
**This change is not statistically significant.
1Major changes related to the survey effective with
1994 first-quarter data.
Source: Census Bureau, Department of Commerce
|
 Homeownership Rates
The national homeownership rate was 67.8 percent in the first quarter of 2002, down a statistically insignificant
0.2 percentage point from last quarter but up 0.3 percentage point from the first quarter of 2001. The homeownership
rate for minority households, 49.1 percent, decreased 0.4 percentage point from the fourth quarter
of 2001 but increased 0.6 percentage point from the first quarter of 2001. The 61.3-percent homeownership rate
for young households was down 1.1 percentage point from the fourth quarter of 2001 but increased 0.9 percentage
point from 2001’s first quarter.
|
|
Latest
Quarter
|
Previous
Quarter
|
Same Quarter
Previous Year
|
% Change
From Previous Quarter
|
% Change
From Last Year
|
|
All Households
|
67.8
|
68.0
|
67.5
|
– 0.3**
|
+ 0.4
|
|
Minorities
|
49.1
|
49.5
|
48.5
|
– 0.8
|
+ 1.2
|
|
Young Married-Couple
Households
|
61.3
|
62.4
|
60.4
|
– 1.8
|
+ 1.5
|
** This change is not statistically significant.
Source: Census Bureau, Department of Commerce
|
|
