National Data
HOUSING INVENTORY

Housing Stock* iconHousing Stock*

At the end of the second quarter of 2003 the estimate of the total housing stock, 120,643,000 units, was up a statistically insignificant 0.3 percent from the first quarter of 2003 and had increased a statistically insignificant 1.3 percent above 2002ís second-quarter level. The number of occupied units increased a statistically insignificant 0.1 percent from 2003ís first quarter and rose 0.5 percent above the second quarter of 2002. Owner-occupied homes increased a statistically insignificant 0.1 percent from the first quarter of 2003 and were up a statistically insignificant 1.1 percent above last yearís second quarter. Rentals decreased a statistically insignificant 0.1 percent from the previous quarter and decreased a statistically insignificant 0.8 percent from the second quarter of 2002. Vacant units were up 2.2 percent from last quarter and increased 7.1 percent from 2002ís second quarter.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

ALL HOUSING UNITS 120,643 120,249 119,104 + 0.3** + 1.3**
OCCUPIED UNITS 105,475 105,407 104,944 + 0.1** + 0.5
OWNERS 71,740 71,645 70,934 + 0.1** + 1.1
RENTERS 33,735 33,762 34,010 – 0.1** – 0.8**
VACANT UNITS 15,168 14,842 14,160 + 2.2 + 7.1
*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 2003 and was unchanged from the second quarter of 2002.

The 2003 second-quarter national rental vacancy rate, at 9.6 percent, was up a statistically insignificant 0.2 percentage point from the previous quarter and was up 1.2 percentage points from the same quarter of the past year.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

HOMEOWNER RATE1 1.7 1.7 1.7
RENTAL RATE1 9.6 9.4 8.4 + 2** + 14
**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 68 percent in the second quarter of 2003, unchanged from the last quarter but up 0.4 percentage point from the second quarter of 2002. The homeownership rate for minority households, at 48.9 percent, decreased 0.4 percentage point from the first quarter of 2003 but increased 0.6 percentage point from the second quarter of 2002. The 62-percent homeownership rate for young households was up 1.8 percentage points from the first quarter of 2003 and increased 0.7 percentage point from 2002ís second quarter.

 

Latest Quarter

Previous Quarter

Same Quarter Previous Year

% Change From Previous Quarter

% Change From Last Year

ALL HOUSEHOLDS 68.0 68.0 67.6 + 0.6
MINORITIES 48.9 49.3 48.3 – 0.8 + 1.2
YOUNG MARRIED-COUPLE HOUSEHOLDS 62.0 60.2 61.3 + 3.0 – 1.1
Source: Census Bureau, Department of Commerce


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