CENSUS BUREAU: Homeownership Rate Lowest Since 1996

CENSUS BUREAU: Homeownership Rate Lowest Since 1996

The U.S. homeownership rate of 64.8 percent was 0.2 percentage points  lower than the first quarter 2013 rate (65.0 percent) and 0.4 percentage points  lower than the rate last quarter (65.2 percent), according to a report from the U.S. Census Bureau. The homeownership rate is the lowest in 18 years, the bureau said.

National vacancy rates in the first quarter 2014 were 8.3 percent for rental housing and 2.0 percent for homeowner housing, according to the Census Bureau report. 

The rental vacancy rate of 8.3 percent was 0.3 percentage points lower than the rate in the first quarter 2013 and 0.1 percentage point   higher than the rate last quarter. The homeowner vacancy rate of 2.0 percent was 0.1 percentage point lower than the rate in the first quarter 2013 and the rate last quarter.

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