Table 1. Rental and Homeowner Vacancy Rates for the United States: 1960 and 1965 to 2004 Rental Vacancy Rates Homeowner Vacancy Rates Year First Second Third Fourth First Second Third Fourth quarter quarter quarter quarter quarter quarter quarter quarter 2004...... 10.4 10.2 1.7 1.7 2003...... 9.4 9.6 9.9 10.2 1.7 1.7 1.9 1.8 2002\r.... 9.1 8.4 9.0 9.3 1.7 1.7 1.7 1.7 2002...... 9.1 8.5 9.1 9.4 1.7 1.7 1.7 1.7 2001...... 8.2 8.3 8.4 8.8 1.5 1.8 1.9 1.8 2000...... 7.9 8.0 8.2 7.8 1.6 1.5 1.6 1.6 1999...... 8.2 8.1 8.2 7.9 1.8 1.6 1.6 1.6 1998...... 7.7 8.0 8.2 7.8 1.7 1.7 1.7 1.8 1997...... 7.5 7.9 7.9 7.7 1.7 1.6 1.5 1.7 1996...... 7.9 7.8 8.0 7.7 1.6 1.5 1.7 1.7 1995...... 7.4 7.7 7.7 7.7 1.5 1.6 1.5 1.6 1994...... 7.5 7.4 7.2 7.4 1.4 1.4 1.4 1.6 1993\r.... 7.8 7.6 7.0 6.9 1.4 1.4 1.4 1.4 1993...... 7.9 7.6 7.1 6.9 1.4 1.4 1.4 1.4 1992...... 7.4 7.7 7.3 7.1 1.5 1.6 1.6 1.5 1991...... 7.5 7.3 7.6 7.3 1.7 1.8 1.8 1.6 1990...... 7.5 7.0 7.2 7.2 1.7 1.7 1.7 1.7 1989\r.... 7.5 7.4 7.6 7.1 1.7 1.7 1.9 1.8 1989...... 7.3 7.3 7.3 6.8 1.5 1.6 1.8 1.6 1988...... 8.0 7.7 7.8 7.3 1.6 1.6 1.6 1.6 1987...... 7.4 7.5 8.1 7.8 1.7 1.7 1.7 1.6 1986...... 6.9 7.3 7.5 7.7 1.5 1.7 1.6 1.6 1985...... 6.3 6.2 6.8 6.7 1.8 1.9 1.8 1.6 1984...... 5.6 5.5 6.0 6.3 1.6 1.7 1.7 1.7 1983...... 5.7 5.5 5.8 5.5 1.4 1.5 1.6 1.6 1982...... 5.3 5.1 5.3 5.5 1.4 1.6 1.5 1.6 1981...... 5.2 5.0 5.0 5.0 1.3 1.3 1.5 1.4 1980...... 5.2 5.6 5.7 5.0 1.3 1.4 1.4 1.4 1979\r.... 5.1 5.5 5.7 5.4 1.1 1.1 1.2 1.3 1979...... 4.8 5.0 5.2 5.0 1.0 1.1 1.1 1.1 1978...... 5.0 5.1 5.0 5.0 1.0 0.9 1.0 1.1 1977...... 5.1 5.3 5.4 5.1 1.3 1.3 1.1 1.0 1976...... 5.5 5.8 5.7 5.3 1.2 1.2 1.3 1.2 1975...... 6.1 6.3 6.2 5.4 1.2 1.2 1.4 1.2 1974...... 6.2 6.3 6.2 6.0 1.2 1.1 1.2 1.3 1973...... 5.7 5.8 5.8 5.8 1.0 0.9 1.1 1.2 1972...... 5.3 5.5 5.8 5.6 1.0 1.0 0.9 1.0 1971...... 5.3 5.3 5.6 5.6 1.0 0.9 1.0 1.0 1970...... 5.4 5.4 5.3 5.2 1.0 1.0 1.1 1.1 1969...... 5.6 5.7 5.5 5.1 1.0 1.0 1.1 1.0 1968...... 6.1 6.2 5.9 5.4 1.1 1.1 1.2 1.2 1967...... 7.3 6.9 7.0 6.2 1.4 1.3 1.4 1.3 1966...... 8.3 7.4 7.4 7.7 1.5 1.5 1.4 1.3 1965...... 8.5 8.2 7.8 8.5 1.7 1.5 1.6 1.5 1960...... 8.0 8.0 8.3 8.4 1.2 1.3 1.3 1.3 \r Revised