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     8.0             1.6     1.5     1.7         
 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.