Table 9.  Characteristics of Vacant For-Rent and Vacant For-Sale-Only Units
                 for the United States and Regions:  Fourth Quarter 1997
(Percent distribution may not add to 100 due to rounding)

                                     Stan-           Stan-           Stan-          Stan-          Stan-
                              U.S.   dard   North-    dard     Mid-   dard   South  dard    West   dard
Characteristics                      error   east    error    west   error          error          error

Vacant for rent, total.......   100    (X)      19       0.9     19     0.9     41    1.2      21    1.0

Units in stucture, total.....   100    (X)     100       (X)    100     (X)    100    (X)     100    (X)
   1 unit....................    22    1.0      14       2.1     21     2.4     25    1.6      22    2.2
   2 units...................    11    0.8      19       2.4     13     2.0      8    1.0       8    1.4
   3 and 4 units.............    13    0.8      20       2.4     17     2.2      9    1.1      11    1.6
   5 to 9 units..............    15    0.9      14       2.1     13     1.9     16    1.4      15    1.8
   10 units or more..........    34    1.2      32       2.8     34     2.8     32    1.7      40    2.5
   Mobile homes..............     6    0.6       1       0.7      3     0.9     10    1.1       5    1.1

Rooms in unit, total.........   100    (X)     100       (X)    100     (X)    100    (X)     100    (X)
   1 and 2 rooms.............    12    0.8      14       2.1      9     1.7     10    1.1      18    2.0
   3 rooms...................    27    1.1      27       2.7     29     2.6     27    1.7      26    2.3
   4 rooms...................    33    1.2      33       2.9     33     2.7     34    1.8      33    2.4
   5 rooms or more...........    28    1.1      27       2.7     29     2.7     30    1.7      23    2.2
   Median number of rooms....   3.8    (X)     3.7       (X)    3.9     (X)    4.0    (X)     3.7    (X)

Bedrooms in unit, total......   100    (X)     100       (X)    100     (X)    100    (X)     100    (X)
   No bedrooms...............     4    0.5       4       1.2      4     1.1      2    0.6       7    1.3
   1 bedrooms................    36    1.2      42       3.0     36     2.8     33    1.7      36    2.5
   2 bedrooms................    44    1.2      38       3.0     45     2.9     48    1.9      42    2.6
   3 bedrooms or more........    16    0.9      16       2.2     15     2.1     17    1.4      16    1.9

Duration of vacancy, total...   100    (X)     100       (X)    100     (X)    100    (X)     100    (X)
   Less than 1 month.........    29    1.1      18       2.3     26     2.6     30    1.7      40    2.6
   1 to 2 months.............    19    1.0      19       2.4     23     2.4     17    1.4      18    2.0
   2 to 4 months.............    20    1.0      22       2.5     20     2.3     21    1.5      18    2.0
   4 to 6 months.............    10    0.7      12       2.0      9     1.7     10    1.1       7    1.4
   6 to 12 months............    10    0.7      12       1.9      9     1.7     11    1.2       8    1.4
   1 to 2 years..............     6    0.6       9       1.7      8     1.6      5    0.8       5    1.2
   2 years or more...........     5    0.5       9       1.8      5     1.2      5    0.8       3    0.9

Year structure built, total..   100    (X)     100       (X)    100     (X)    100    (X)     100    (X)
   4/1/90 or later...........     8    0.7       4       1.1      6     1.4     11    1.2       8    1.4
   1980 to 3/31/90...........    18    0.9       7       1.6     13     1.9     24    1.6      21    2.1
   1970 to 1979..............    20    1.0       8       1.7     17     2.2     24    1.6      24    2.2
   1960 to 1969..............    13    0.8      14       2.1     13     1.9     14    1.3      13    1.8
   1950 to 1959..............    10    0.7      10       1.8      7     1.4     10    1.1      14    1.8
   1940 to 1949..............    10    0.7      11       1.9     11     1.8      8    1.0      12    1.7
   1939 or earlier...........    21    1.0      45       3.0     35     2.8     10    1.1       8    1.4

Previous occupancy, total....   100    (X)     100       (X)    100     (X)    100    (X)     100    (X)
   Previously occupied.......    97    0.4      96       1.2     98     0.8     97    0.7      96    1.0
   Not previously occupied...     3    0.4       4       1.2      2     0.8      3    0.7       4    1.0

Monthly rent asked, total\1..   100    (X)     100       (X)    100     (X)    100    (X)     100    (X)
   Less than $100............     1    0.3       2       0.9      1     0.6      1    0.4       0    0.3
   $100 to $199..............     2    0.4       2       0.8      2     0.9      2    0.5       2    0.8
   $200 to $249..............     6    0.6       3       1.0      9     1.6      7    1.0       3    1.0
   $250 to $299..............    10    0.7       6       1.4     14     2.0     13    1.3       4    1.0
   $300 to $349..............    11    0.8       8       1.6     12     1.9     13    1.3       7    1.3
   $350 to $399..............    10    0.7       4       1.2     13     1.9     11    1.2      10    1.5
   $400 to $449..............     9    0.7      11       1.9      6     1.4     11    1.1       8    1.4
   $450 to $499..............     9    0.7      11       1.9      9     1.7      8    1.0       8    1.4
   $500 to $599..............    14    0.8      18       2.3     16     2.1      9    1.1      16    1.9
   $600 to $699..............     9    0.7      14       2.1     11     1.8      6    0.9       7    1.4
   $700 to $799..............     7    0.6       8       1.6      4     1.2      6    0.9      11    1.6
   $800 or more..............    13    0.8      14       2.1      2     0.8     12    1.2      23    2.2
   Median ($s)...............   455    (X)     516       (X)    395     (X)    411    (X)     543    (X)

Table 9.  Characteristics of Vacant For-Rent and Vacant For-Sale-Only Units
                 for the United States and Regions:  Fourth Quarter 1997 - continued

                                     Stan-           Stan-           Stan-          Stan-          Stan-
                              U.S.   dard   North-    dard     Mid-   dard   South  dard    West   dard
Characteristics                      error   east    error    west   error          error          error

Vacant for sale, total.......   100    (X)      17       1.3     19     1.3     44    1.7      19    1.3

Units in structure, total....   100    (X)     100       (X)    100     (X)    100    (X)     100    (X)
   1 unit....................    76    1.5      73       4.1     75     3.6     78    2.1      77    3.3
   2 units...................     5    0.8       8       2.4      8     2.3      3    0.9       3    1.3
   3 and 4 units.............     2    0.5       4       1.8      3     1.4      2    0.7       2    1.0
   5 to 9 units..............     2    0.5       1       1.1      4     1.6      1    0.5       3    1.3
   10 units or more..........     6    0.9      12       3.0      2     1.2      6    1.2       6    1.8
   Mobile homes..............     8    1.0       2       1.3      7     2.2     10    1.6      10    2.4

Rooms in unit, total.........   100    (X)     100       (X)    100     (X)    100    (X)     100    (X)
   3 rooms or less...........    11    1.1      16       3.3     13     2.8      9    1.4      10    2.4
   4 rooms...................    20    1.4      18       3.5     14     2.8     23    2.2      23    3.3
   5 rooms...................    26    1.5      16       3.3     24     3.5     28    2.3      31    3.6
   6 rooms...................    19    1.4      26       4.0     19     3.2     18    2.0      15    2.8
   7 rooms or more...........    24    1.5      24       3.9     31     3.8     23    2.2      22    3.2
   Median number of rooms....   5.5    (X)     5.6       (X)    5.5     (X)    5.5    (X)     5.4    (X)

Bedrooms in unit, total......   100    (X)     100       (X)    100     (X)    100    (X)     100    (X)
   1 bedroom or none.........     9    1.0      20       3.6     12     2.7      6    1.3       4    1.6
   2 bedrooms................    35    1.7      32       4.2     30     3.8     36    2.5      38    3.8
   3 bedrooms................    40    1.7      35       4.3     39     4.0     41    2.5      44    3.9
   4 bedrooms or more........    16    1.3      14       3.2     19     3.2     17    1.9      13    2.6

Duration of vacancy, total...   100    (X)     100       (X)    100     (X)    100    (X)     100    (X)
   Less than 1 month.........    11    1.1       8       2.4     13     2.7     10    1.6      13    2.7
   1 or 2 months.............    12    1.1      12       3.0     12     2.7     10    1.6      15    2.8
   2 to 4 months.............    20    1.4      15       3.3     20     3.3     21    2.1      22    3.2
   4 to 6 months.............    14    1.2      10       2.8     14     2.9     15    1.8      14    2.7
   6 to 12 months............    19    1.4      21       3.7     14     2.9     20    2.1      20    3.1
   1 to 2 years..............    12    1.2      17       3.5     12     2.7     13    1.8       6    1.8
   2 years or more...........    12    1.1      16       3.3     15     3.0     10    1.6      11    2.4

Year structure built, total..   100    (X)     100       (X)    100     (X)    100    (X)     100    (X)
   4/1/90 or later...........    16    1.3       4       1.8     17     3.1     15    1.9      25    3.4
   1980 to 3/31/90...........    17    1.3       9       2.6     11     2.6     21    2.1      21    3.2
   1970 to 1979..............    16    1.3       7       2.3     13     2.8     21    2.1      14    2.7
   1960 to 1969..............    11    1.1      13       3.0      7     2.0     10    1.6      15    2.8
   1950 to 1959..............    13    1.2      16       3.3     17     3.1     11    1.6       8    2.2
   1940 to 1949..............     8    1.0       9       2.6      7     2.2      7    1.4      11    2.5
   1939 or earlier...........    20    1.4      42       4.5     27     3.7     14    1.8       6    1.8

Previous occupancy, total....   100    (X)     100       (X)    100     (X)    100    (X)     100    (X)
   Previously occupied.......    93    0.9     100       0.0     91     2.3     94    1.2      86    2.7
   Not previously occupied...     7    0.9       0       0.0      9     2.3      6    1.2      14    2.7

Sales price, total\2.........   100    (X)     100       (X)    100     (X)    100    (X)     100    (X)
   Less than $10,000.........     4    0.6       6       2.1      3     1.4      4    1.0       2    1.0
   $10,000 to $29,999........    12    1.1       3       1.5     17     3.1     16    1.9       3    1.4
   $30,000 to $49,999........    13    1.2      10       2.7     17     3.1     15    1.8       7    1.9
   $50,000 to $74,999........    15    1.3      28       4.1     11     2.6     14    1.8      13    2.6
   $75,000 to $99,999........    15    1.3      13       3.0     17     3.1     14    1.8      18    3.0
   $100,000 to $199,999......    28    1.6      30       4.2     26     3.6     26    2.3      33    3.7
   $200,000 to $299,999......     9    1.0       7       2.3      5     1.8      8    1.4      17    3.0
   $300,000 or more..........     4    0.7       5       2.0      3     1.5      3    0.9       8    2.1
   Median ($s)...............86,300    (X)  83,300       (X) 77,600     (X) 77,500    (X) 123,300    (X)

X Not Applicable.  Z Less than 0.05 percent.  - Represents zero.
\1 Excludes one-family homes on 10 acres or more.
\2 Limited to one-family homes on less than 10 acres and no business on property (including mobile homes).