Table 1. Rental and Homeowner Vacancy Rates for the United States: 1960 and 1965 to 2008 (in percent) Rental Vacancy Rates Homeowner Vacancy Rates Year First Second Third Fourth First Second Third Fourth quarter quarter quarter quarter quarter quarter quarter quarter 2008............ 10.1 2.9 2007............ 10.1 9.5 9.8 9.6 2.8 2.6 2.7 2.8 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