Reuters: U.S.: Rental vacancy rate falls to lowest in decade

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Rental vacancy rate falls to lowest in decade Jul 27th 2012, 14:33 Tweet Share this Email Print Related News Cautious consumers, trade curb U.S. growth 10:05am EDT Consumers gloomier on jobs, finances Fri, Jul 13 2012 Related Topics U.S. » Housing Market » A ''for sale'' sign is seen outside a home in New York June 19, 2012. Credit: Reuters/Shannon Stapleton WASHINGTON | Fri Jul 27, 2012 10:33am EDT WASHINGTON (Reuters) - The share of empty homes for rent fell to its lowest level in a decade during the second quarter, a troubling sign for many Americans whose budgets have been strained by rising rents. The residential rental vacancy rate declined to 8.6 percent from 8.8 percent in the January-March period, the Commerce Department said on Friday. The second-quarter reading was the lowest since 2002. The homeowner vacancy rate dropped to 2.1 percent, the lowest since the first quarter of 2006, from 2.2 percent in the first quarter, the Commerce Department said. The homeownership rate edged up to 65.5 percent from 65.4 percent in the first quarter. (Reporting by Jason Lange; Editing by Eric Walsh) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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