Table 1.  Rental and Homeowner Vacancy Rates for the United States:
                1960 and 1965 to 1997


                  Rental  Vacancy Rates               Homeowner  Vacancy Rates


Year       First   Second    Third   Fourth    First   Second    Third   Fourth
          quarter  quarter  quarter  quarter  quarter  quarter  quarter  quarter

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