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 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