U.S. housing vacancy rate sets a record high
Every quarter, the Census Bureau releases a broad snapshot of the U.S. housing industry -- specifically, it tallies up the U.S. homeownership rate and the U.S. vacancy rate (what percentage of U.S. homes are sitting empty). The latest figures (PDF link) for Q1 2008 show:
* Meanwhile, the seasonally adjusted homeownership inched higher to 67.9% from 67.7% a quarter earlier. That was down from 68.5% a year earlier. The boomtime high was 69.3% in Q2 2004.