Homeownership Hits 17-year Low
Tuesday, April 30, 2013 1:38 PM
The U.S. vacancy rate and the rate of homeownership both declined in the first quarter of 2013 with the homeownership rate hitting the lowest level in 17 years. According to the Census Bureau the rate of homeownership in the country declined from 65.6 in the fourth quarter of 2012 to 65.2. The rate in the first quarter of 2012 was 65.5 percent. The first quarter 2013 rate is the lowest rate since the fourth quarter of 1995 when it was 65.1. The vacancy rate was 8.6 percent, 0.2 percentage points lower than one year earlier and 0.1 percentage point lower than in the fourth quarter of 2012.
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