“The U.S. housing market is looking up these days as fewer homes and apartments sit vacant. In fact, vacancy rates for residential housing have dropped to their lowest levels since before 2006, when the housing boom was still going strong, according to the U.S. Census Bureau.
During the last quarter of 2012, the vacancy rate for homes was 1.9%, and 8.7% for the rental housing market.
To compare, the vacancy rate for homes reached a high of 2.9% in 2008, while the rate for rentals peaked at 11.1% in 2009. On an annual basis, the rental vacancy rate is the lowest since 2001….”
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