National Data
HOUSING INVENTORY

Housing Stock* iconHousing 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 2001s first-quarter level. The number of occupied units increased a statistically insignificant 0.5 percent from 2001s 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 years 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 2001s 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 iconVacancy 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 iconHomeownership 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 2001s 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


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