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U.S. ownership rate at lowest level since 2000
The U.S. homeownership rate slipped to 67.1 percent last quarter, its lowest level since 2000, according a report from the U.S. Census Bureau (see the full report below). Meanwhile, vacancy rates for rentals rose 0.5 percent on a year-over-year basis, and dropped 0.1 percent from the end of 2009. For homeowners, the 2.6 percent vacancy rate during the first quarter was 0.1 lower than both the first and fourth quarters of 2009. Roughly 14.5 percent of all housing units were vacant last quarter. Renter-occupied units comprised 28.1 percent of the country’s total housing stock. TRD