Table 1.  Rental and Homeowner Vacancy Rates for the United States:
           1960 and 1965 to 1996               
                                                                      
                                                                       
                  Rental vacancy rate             Homeowner vacancy rate
                                                                      
 Year                                                                  
          First   Second  Third   Fourth  First   Second  Third   Fourth
          quarter quarter quarter quarter quarter quarter quarter quarter
                                                                      
 1996..... 7.9     7.8                     1.6     1.5                
 1995..... 7.4     7.7     7.7     7.7     1.5     1.6     1.5     1.6
 1994..... 7.5     7.4     7.2     7.4     1.4     1.4     1.4     1.6
 1993\r... 7.8     7.6     7.0     6.9     1.4     1.4     1.4     1.4
                                                                      
 1993..... 7.9     7.6     7.1     6.9     1.4     1.4     1.4     1.4
 1992..... 7.4     7.7     7.3     7.1     1.5     1.6     1.6     1.5
 1991..... 7.5     7.3     7.6     7.3     1.7     1.8     1.8     1.6
 1990..... 7.5     7.0     7.2     7.2     1.7     1.7     1.7     1.7
 1989\r... 7.5     7.4     7.6     7.1     1.7     1.7     1.9     1.8
                                                                      
 1989..... 7.3     7.3     7.3     6.8     1.5     1.6     1.8     1.6
 1988..... 8.0     7.7     7.8     7.3     1.6     1.6     1.6     1.6
 1987..... 7.4     7.5     8.1     7.8     1.7     1.7     1.7     1.6
 1986..... 6.9     7.3     7.5     7.7     1.5     1.7     1.6     1.6
 1985..... 6.3     6.2     6.8     6.7     1.8     1.9     1.8     1.6
 1984..... 5.6     5.5     6.0     6.3     1.6     1.7     1.7     1.7
 1983..... 5.7     5.5     5.8     5.5     1.4     1.5     1.6     1.6
 1982..... 5.3     5.1     5.3     5.5     1.4     1.6     1.5     1.6
 1981..... 5.2     5.0     5.0     5.0     1.3     1.3     1.5     1.4
 1980..... 5.2     5.6     5.7     5.0     1.3     1.4     1.4     1.4
 1979\r... 5.1     5.5     5.7     5.4     1.1     1.1     1.2     1.3
                                                                      
 1979..... 4.8     5.0     5.2     5.0     1.0     1.1     1.1     1.1
 1978..... 5.0     5.1     5.0     5.0     1.0     0.9     1.0     1.1
 1977..... 5.1     5.3     5.4     5.1     1.3     1.3     1.1     1.0
 1976..... 5.5     5.8     5.7     5.3     1.2     1.2     1.3     1.2
 1975..... 6.1     6.3     6.2     5.4     1.2     1.2     1.4     1.2
 1974..... 6.2     6.3     6.2     6.0     1.2     1.1     1.2     1.3
 1973..... 5.7     5.8     5.8     5.8     1.0     0.9     1.1     1.2
 1972..... 5.3     5.5     5.8     5.6     1.0     1.0     0.9     1.0
 1971..... 5.3     5.3     5.6     5.6     1.0     0.9     1.0     1.0
 1970..... 5.4     5.4     5.3     5.2     1.0     1.0     1.1     1.1
 1969..... 5.6     5.7     5.5     5.1     1.0     1.0     1.1     1.0
 1968..... 6.1     6.2     5.9     5.4     1.1     1.1     1.2     1.2
 1967..... 7.3     6.9     7.0     6.2     1.4     1.3     1.4     1.3
 1966..... 8.3     7.4     7.4     7.7     1.5     1.5     1.4     1.3
 1965..... 8.5     8.2     7.8     8.5     1.7     1.5     1.6     1.5
 1960..... 8.0     8.0     8.3     8.4     1.2     1.3     1.3     1.3
              
 \r Revised.   

Source: U.S. Census Bureau