Vacancy rate was the owner of a house at 2.6% in the first quarter, from 2.7% in the last three months of 2010. That is below the recession trough of 2.8% -2.9% range of those held during 2008, but "still far above the average of 1.6% for 1985-2005," wrote Nicholas Tenev Barclays Capital in a note to clients.
higher vacancy rate, at 2.8%, remains in the south, in states like Florida have been hit hard by the housing crisis. The Midwest - where the figure of the recession was more a function of job losses in manufacturing - was 2.7%.
The release also showed that the housing crisis has canceled all profits from property rates is much vaunted in the early and mid 2000. The homeownership rate at 66.4% in the first quarter, declined from 66.5% in the last three months of 2010. - The lowest since 1998.
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