Eye On Housing
According to the Census Bureau’s annual estimates from the Housing Vacancy Survey (HVS), the national homeowner vacancy rate is at its lowest point since 2005 and the rental vacancy rate is at its lowest point since 1995. The relatively tight housing and rental markets are occurring concurrently with falling homeownership rates. The homeownership has fallen for 10 straight years. The… Read More ›
In the first quarter of 2012, NAHB’s Multifamily Vacancy Index (MVI) dropped to 31, the lowest it’s been since the inception of the index in 2003. As the MVI captures industry sentiment about vacancies, a decline in the index signals overall improvement in the market for existing rental apartments. The MVI is a composite measure of multifamily property owner/manager sentiment… Read More ›