Table 1.  Rental and Homeowner Vacancy Rates for the United States:

               1960 and 1965 to 2004





                    Rental  Vacancy Rates                   Homeowner  Vacancy Rates





Year        First     Second    Third     Fourth    First     Second    Third     Fourth

           quarter   quarter   quarter   quarter   quarter   quarter   quarter   quarter



2004......      10.4      10.2      10.1      10.0       1.7       1.7       1.7       1.8

2003......       9.4       9.6       9.9      10.2       1.7       1.7       1.9       1.8

2002\r....       9.1       8.4       9.0       9.3       1.7       1.7       1.7       1.7

2002......       9.1       8.5       9.1       9.4       1.7       1.7       1.7       1.7

2001......       8.2       8.3       8.4       8.8       1.5       1.8       1.9       1.8

2000......       7.9       8.0       8.2       7.8       1.6       1.5       1.6       1.6



1999......       8.2       8.1       8.2       7.9       1.8       1.6       1.6       1.6

1998......       7.7       8.0       8.2       7.8       1.7       1.7       1.7       1.8

1997......       7.5       7.9       7.9       7.7       1.7       1.6       1.5       1.7

1996......       7.9       7.8       8.0       7.7       1.6       1.5       1.7       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