Third Quarter U.S. Residential Vacancies and Homeownership Survey Unchanged from Q2 2021
The U.S. Census Bureau today (11-2-21) announced its Housing Vacancy Survey (CPS/HVS) for Q3 2021. CPS/HVS reveals that the U.S. homeownership rate was flat at 65.4% in Q3. The homeownership rate of 65.4% was -2.0 percentage points lower than the rate in Q3 2020 (67.4%) and virtually the same as the rate in Q2 2021 (65.4%).
The homeowner vacancy rate of 0.86 percent was lower than the rate in Q3 2020 (0.95%) and virtually the same as the rate in Q2 2021 (0.86%). The national homeowner vacancy rate stayed at a record low of 0.9%, while the rental vacancy rate decreased to 5.8%.
The rental vacancy rate was -0.6 percentage points lower than the rate in Q3 2020 (6.4%) and -0.4 percentage points lower than the rate in Q2 2021 (6.2%). The Census Bureau did note that compared to prior reports, the data was affected less significantly by the pandemic, since in-person interviews were back in 99.5% of the sample.
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