US Census Bureau Reports Residential Vacancies and Homeownership Statistics for Q2 2022
The US Census Bureau reported today (8-2-22) its Residential Vacancies and Homeownership statistics for the second quarter 2022.
According to the report, the national vacancy rates in Q2 were 5.6% for rental housing and 0.8% for homeowner housing. The rental vacancy rate was 0.6 percentage points lower than the rate in the Q2 of 2021, which was 6.2%, and not statistically different from the Q1 2022 rate of 5.8%. The homeowner vacancy rate of 0.8% was not statistically different from the rate in Q2 of 2021, which was 0.9%, and virtually unchanged from the Q2 2022 rate of 0.8%.
The homeownership rate of 65.8% was little changed from the Q2 2021 rate of 65.4% and slightly above the Q1 2022 rate of 65.4%.
In the Q2 of 2022, the median asking rent for vacant for-rent units was $1,314. The median asking sales price for vacant for sale units was $291,600.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.