Table 1. Rental and Homeowner Vacancy Rates for the United States: 1960 and 1965 to 2007 (in percent) Rental Vacancy Rate Homeowner Vacancy Rates Year First Second Third Fourth First Second Third Fourth quarter quarter quarter quarter quarter quarter quarter quarter 2007......... 10.1 9.5 9.8 2.8 2.6 2.7 2006......... 9.5 9.6 9.9 9.8 2.1 2.2 2.5 2.7 2005......... 10.1 9.8 9.9 9.6 1.8 1.8 1.9 2.0 2004......... 10.4 10.2 10.1 10.0 1.7 1.7 1.7 1.8 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