| HOUSING INVENTORY
 Housing 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 2001’s second-quarter level. The number of occupied units increased a statistically insignificant
0.2 percent from 2002’s 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 year’s 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 2001’s 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
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
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 2001’s 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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