February 20, 2013
THE BOOM HAS NOT EVEN BEGUN:
Vacancy rate for US housing falls to pre-bust levels (Mark Trumbull, February 20, 2013, CS Monitor)
And the borders haven't opened yet.According to the Census Bureau, vacancy rates for residential housing in the United States have fallen to levels last seen before the peak of the housing boom in 2006 and the subsequent recession.In the final quarter of 2012, the vacancy rate was 1.9 percent of homeowner housing, and 8.7 percent of the rental housing market. That's down from rates as high as 2.9 percent (2008) in the owner market and 11.1 percent (mid-2009) for rentals.
Posted by Orrin Judd at February 20, 2013 6:56 PM
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