Welcome!




Expand Your Education with These Courses from
A Consumer Advocate Approach to Real Estate: Course 1.
The Psychology of Consultative Selling: Skills for Sales Success: Part Four.
Expand your education through NAR's REALTOR® University: A Consumer Advocate Approach to Mortgages: Course 2.
A Consumer Advocate Approach to Real Estate & Mortgages: Courses 1 & 2.
Bundle 3: CIPS Institute (US Version).

Homeowner Vacancy Rates Vary Across Top Metros

Have a comment on this article? Share on Facebook!

vacant_homeIn a recent study, NAHB examines eight key housing statistics from the 2012 American Community Survey (ACS). This post takes a closer look at one of those statistics; the homeowner vacancy rate.

The homeowner vacancy is calculated by taking the total number of vacant units intended for owner-occupancy divided by the total number of owner-occupied units. A low vacancy rate indicates a tight housing market where demand for owner-occupied units is high relative to supply.

The metropolitan area with the lowest homeowner vacancy rate in 2012 is Bismarck, ND with a rate of 0.2 percent. The metro area is a new entrant to the top ten due in large part to the state’s ongoing energy boom. The figure is well below the national homeowner vacancy rate of 2.0 percent.

There is considerable churn in the list from year-to-year as local economic conditions shift. Alexandria, LA is the only metropolitan area to appear in both the 2010 and 2012 lists.

Eight of the ten metropolitan areas in the list have fewer than 100,000 owner-occupied housing units. This suggests it may also be useful to examine metropolitan areas with more housing units.

The tightest metropolitan area with at least 500,000 owner-occupied housing units is the Seattle-Bellevue-Everett, WA metro division with a rate of 1.1 percent. Again, there is considerable churn in the list from the prior report. In the prior report, for example, Seattle-Bellevue-Everett, WA had a homeowner vacancy rate of 2.5 percent and did not make the top ten.

View this original article on the NAHB blog, Eye on Housing.

Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.




Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com

Our Latest News >>