Blog #2

Homeowner Vacancy Rate- The percentage relationship between the number of vacant units for sale and the total homeowner inventory.

1. Realtors, the government, landlords, and people who are buying/selling their home would all be interested in this statistic.

2. The HOVR is calculated by dividing the number of vacant units for sale only by the sum of the owner-occupied units and the number of vacant units that are for sale only.

Every year this data is collected by the U.S. Census Bureau and compiled into a report. Every quarter throughout the year data about HOVR is released in an end of quarter press release.

3. This is the graph of homeownership for the second quarter of 2010, and it is being compared to the second quarter of the pervious year.

On the Graph below (which I know is pretty hard to see =/ sorry) The dotted line represents the United States average HOVR over the years, and the other colored solid lines are where particular states have been at based on the U.S. average.

Sources:

1. United States Census http://www.census.gov/hhes/www/housing/hvs/hvs.html

2. The Federal Reserve Band of Minneapolis http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=2269