U.S. Census Bureau Reports Homeownership Gains in Housing Vacancy Survey for Q-2 2020

The most recent U.S. Census Bureau 2020 Housing Vacancy Survey (CPS/HVS) is reporting homeownership gains, particularly of households headed by adults, 35 and younger, increased appreciably in the second quarter of 2020. The increases can be found in both new and existing home sales in June. The national vacancy rates for both homeowner and rental housing also declined in the second quarter. The Census Bureau is however cautioning that the COVID-19 pandemic continues to create data collection challenges, with many in-person interviews now being entirely replaced by telephone contact attempts.

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