National Data
HOUSING INVENTORY

Housing Stock* iconHousing Stock*

At the end of the second quarter of 2002 the estimate of the total housing stock, 122,955,000 units, was up a statistically insignificant 0.1 percent from the first quarter of 2002 and increased a statistically insignificant 1.1 percent above 2001ís second-quarter level. The number of occupied units increased a statistically insignificant 0.2 percent from 2002ís first quarter and rose 1.5 percent above the second quarter of 2001. Owner-occupied homes decreased a statistically insignificant 0.1 percent from the first quarter of 2002 but were up 1.4 percent above last yearís second quarter. Rentals increased a statistically insignificant 1.0 percent from the previous quarter and increased a statistically insignificant 1.8 percent from the second quarter of 2001. Vacant units were down 1.3 percent from last quarter and decreased 1.9 percent from 2001ís second quarter.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

All Housing Units

122,955
122,885
121,615
+ 0.1**
+ 1.1**

Occupied Units

108,380
108,120
106,765
+ 0.2**
+ 1.5

Owners

73,251
73,327
72,252
– 0.1**
+ 1.4

Renters

35,129
34,793
34,513
+ 1.0**
+ 1.8**

Vacant Units

14,575
14,765
14,850
– 1.3
– 1.9
*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 unchanged from the first quarter of 2002 but was down a statistically insignificant 0.1 percentage point from the second quarter of 2001. The 2002 second-quarter national rental vacancy rate, at 8.5 percent, was a statistically insignificant decrease of 0.6 percentage point from the previous quarter but up 0.2 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

1.7

1.8

– 6**

Rental Rate1

8.5

9.1

8.3

– 7**

+ 2**

**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 67.6 percent in the second quarter of 2002, down a statistically insignificant 0.2 percentage point from last quarter and down a statistically insignificant 0.1 percentage point from the second quarter of 2001. The homeownership rate for minority households, 48.5 percent, decreased 0.6 percentage point from the first quarter of 2002 and decreased a statistically insignificant 0.3 percentage point from the second quarter of 2001. The 61.5-percent homeownership rate for young households was up a statistically insignificant 0.2 percentage point from the first quarter of 2002 and was up a statistically insignificant 0.5 percentage point from 2001ís second quarter.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

All Households

67.6
67.8
67.7
– 0.3**
– 0.1**

Minorities

48.5
49.1
48.8
– 1.2
– 0.6**

Young Married-Couple Households

61.5
61.3
61.0
+ 0.3**
+ 0.8**
** This change is not statistically significant.
Source: Census Bureau, Department of Commerce


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