Table 9.  Characteristics of Vacant For-Rent and Vacant For-Sale-Only Units
                 for the United States and Regions:  Fourth Quarter 2004
                (Percent distribution may not add to 100 due to rounding)

                                         90-Percent  North-  90-Percent    Mid-  90-Percent South  90-Percent   West 90-Percent
                                  U.S.   confidence  east    confidence    west  confidence        confidence        confidence
Characteristics                         interval<font size="-1">(+/-)</font><sup>a</sup>        interval<font size="-1">(+/-)</font><sup>a</sup>       interval<font size="-1">(+/-)</font><sup>a</sup>      interval<font size="-1">(+/-)</font><sup>a</sup>     interval<font size="-1">(+/-)</font><sup>a</sup>

Vacant for rent, total.......      100       (X)      14         1.2        25     1.5        43      1.8        18     1.4

Units in stucture, total.....      100       (X)     100         (X)       100     (X)       100      (X)       100     (X)
   1 unit....................       29       1.4      25         4.0        25     2.7        33      2.2        27     3.2
   2 units...................        7       0.8      15         3.2         8     1.7         5      1.0         6     1.7
   3 and 4 units.............       10       0.9      16         3.3        12     2.0         7      1.2        10     2.2
   5 to 9 units..............       14       1.1      14         3.1        14     2.2        13      1.6        17     2.7
   10 units or more..........       35       1.5      30         4.2        37     3.0        34      2.3        38     3.5
   Mobile homes..............        5       0.7       0         0.6         4     1.2         8      1.3         3     1.2

Rooms in unit, total.........      100       (X)     100         (X)       100     (X)       100      (X)       100     (X)
   1 and 2 rooms.............        8       0.8      13         3.0         7     1.6         6      1.1        10     2.2
   3 rooms...................       23       1.3      31         4.2        22     2.6        22      2.0        24     3.1
   4 rooms...................       33       1.5      27         4.1        36     3.0        34      2.3        34     3.4
   5 rooms or more...........       35       1.5      29         4.1        35     3.0        39      2.3        32     3.4
   Median number of rooms....      4.1       (X)     3.7         (X)       4.1     (X)       4.2      (X)       4.0     (X)

Bedrooms in unit, total......      100       (X)     100         (X)       100     (X)       100      (X)       100    (X)
   No bedrooms...............        2       0.5       4         1.8         3     1.0         1      0.4         3     1.2
   1 bedrooms................       32       1.5      45         4.5        31     2.9        28      2.2        32     3.4
   2 bedrooms................       44       1.6      32         4.2        48     3.1        45      2.4        47     3.6
   3 bedrooms or more........       22       1.3      19         3.6        19     2.4        26      2.1        18     2.8

Duration of vacancy, total...      100       (X)     100         (X)       100     (X)       100      (X)       100     (X)
   Less than 1 month.........       24       1.3      18         3.5        18     2.4        25      2.1        34     3.4
   1 to 2 months.............       20       1.3      17         3.4        19     2.4        20      1.9        24     3.1
   2 to 4 months.............       21       1.3      23         3.8        23     2.6        20      1.9        20     2.9
   4 to 6 months.............       12       1.0      14         3.2        13     2.1        12      1.5         8     2.0
   6 to 12 months............       11       1.0      13         3.1        12     2.0        12      1.5         6     1.7
   1 to 2 years..............        7       0.8       9         2.6         9     1.8         7      1.2         5     1.5
   2 years or more...........        5       0.7       6         2.2         6     1.5         4      0.9         3     1.1

Year structure built, total..      100       (X)     100         (X)       100     (X)       100      (X)       100      X)
   4/1/2000 or later.........        8       0.8       3         1.6         5     1.4        10      1.4         8     2.0
   1995 to 3/31/2000.........        6       0.8       3         1.4         4     1.2         9      1.4         7     1.9
   1990 to 1994..............        6       0.7       2         1.4         3     1.1         8      1.3         6     1.7
   1980 to 1989..............       14       1.1       9         2.6        10     1.8        17      1.8        18     2.8
   1970 to 1979..............       18       1.2       7         2.3        18     2.4        22      2.0        19     2.8
   1960 to 1969..............       15       1.1      12         2.9        17     2.3        15      1.7        15     2.6
   1950 to 1959..............        9       0.9       8         2.5        12     2.0         8      1.3        10     2.2
   1940 to 1949..............        7       0.8      14         3.2        10     1.9         4      1.0         6     1.7
   1939 or earlier...........       16       1.2      42         4.5        21     2.5         7      1.2        12     2.3

Previous occupancy, total..        100       (X)     100         (X)       100     (X)       100      (X)       100     (X)
   Previously occupied.....         97       0.6      97         1.5        97     1.1        97      0.8        95     1.6
   Not previously occupied.          3       0.6       3         1.5         3     1.1         3      0.8         5     1.6



Table 9.  Characteristics of Vacant For-Rent and Vacant For-Sale-Only Units
                 for the United States and Regions:  Fourth Quarter 2004 - continued
(Percent distribution may not add to 100 due to rounding)

                                         90-Percent  North-  90-Percent    Mid-  90-Percent South  90-Percent   West 90-Percent
                                  U.S.   confidence  east    confidence    west  confidence        confidence        confidence
Characteristics                         interval<font size="-1">(+/-)</font><sup>a</sup>        interval<font size="-1">(+/-)</font><sup>a</sup>       interval<font size="-1">(+/-)</font><sup>a</sup>      interval<font size="-1">(+/-)</font><sup>a</sup>     interval<font size="-1">(+/-)</font><sup>a</sup>

Monthly rent asked, total\b..      100       (X)     100         (X)       100     (X)       100      (X)       100     (X)
   Less than $300............        8       0.8       3         1.5         9     1.8        10      1.4         4     1.5
   $300 to $349..............        4       0.6       3         1.5         6     1.5         5      1.0         1     0.8
   $350 to $399..............        7       0.8       6         2.2        10     1.8         7      1.2         3     1.2
   $400 to $449..............        8       0.9       5         2.1         9     1.7         9      1.4         7     1.8
   $450 to $499..............        7       0.8       5         1.9         9     1.8         7      1.3         4     1.4
   $500 to $599..............       13       1.1       9         2.6        15     2.2        15      1.7        10     2.2
   $600 to $699..............       15       1.1      13         3.1        20     2.5        13      1.6        15     2.6
   $700 to $799..............       10       0.9      11         2.8         8     1.7         9      1.4        12     2.3
   $800 to $899..............        8       0.9      13         3.0         5     1.4         7      1.2        12     2.3
   $900 to $999..............        5       0.7       8         2.4         2     0.8         6      1.1         6     1.8
   $1000 or more.............       15       1.1      25         4.0         7     1.6        12      1.5        26     3.2
    $1000 to $1249...........        6       0.8       9         2.6         4     1.3         4      1.0        11     2.3
    $1250 to $1499...........        3       0.5       6         2.2         0     0.4         2      0.7         6     1.7
    $1500 or more...........         6       0.7      10         2.7         2     1.0         5      1.0         9     2.1
   Median ($s)...............      620       (X)     757         (X)       546     (X)       578      (X)       746     (X)



Table 9.  Characteristics of Vacant For-Rent and Vacant For-Sale-Only Units
                 for the United States and Regions:  Fourth Quarter 2004 - continued

                                         90-Percent  North-  90-Percent    Mid-  90-Percent South  90-Percent   West 90-Percent
                                  U.S.   confidence  east    confidence    west  confidence        confidence        confidence
Characteristics                         interval<font size="-1">(+/-)</font><sup>a</sup>        interval<font size="-1">(+/-)</font><sup>a</sup>       interval<font size="-1">(+/-)</font><sup>a</sup>      interval<font size="-1">(+/-)</font><sup>a</sup>     interval<font size="-1">(+/-)</font><sup>a</sup>

Vacant for sale, total.......      100       (X)      11         1.7        31     2.5        41      2.6        17     2.0

Units in structure, total....      100       (X)     100         (X)       100     (X)       100      (X)       100     (X)
   1 unit....................       76       2.0      72         6.8        75     3.6        78      3.1        74     4.8
   2 units...................        3       0.9       7         3.9         4     1.7         2      1.1         3     1.8
   3 and 4 units.............        4       0.9       2         2.1         8     2.2         1      0.8         3     2.0
   5 to 9 units..............        2       0.7       2         2.1         3     1.3         2      1.1         0     0.7
   10 units or more..........        6       1.1      10         4.7         3     1.5         6      1.7         9     3.2
   Mobile homes..............        9       1.4       7         3.8         7     2.2        11      2.3        10     3.4

Rooms in unit, total.........      100       (X)     100         (X)       100     (X)       100      (X)       100     (X)
   3 rooms or less...........        9       1.3      14         5.2         7     2.2         7      1.9        10     3.4
   4 rooms...................       18       1.8      16         5.5        23     3.5        14      2.6        22     4.6
   5 rooms...................       27       2.1      21         6.2        23     3.5        30      3.4        32     5.2
   6 rooms...................       20       1.9      18         5.9        22     3.5        21      3.0        13     3.8
   7 rooms or more...........       26       2.1      31         7.0        24     3.6        27      3.3        23     4.6
   Median number of rooms....      5.4       (X)     5.5         (X)       5.3     (X)       5.5      (X)       5.1     (X)

Bedrooms in unit, total......      100       (X)     100         (X)       100     (X)       100      (X)       100     (X)
   1 bedroom or none.........       10       1.4      15         5.4        11     2.6         7      1.9        11     3.4
   2 bedrooms................       32       2.2      34         7.2        35     4.0        28      3.3        34     5.2
   3 bedrooms................       41       2.3      38         7.4        41     4.1        44      3.6        36     5.3
   4 bedrooms or more........       18       1.8      14         5.2        13     2.9        21      3.0        19     4.3

Duration of vacancy, total...      100       (X)     100         (X)       100     (X)       100      (X)       100     (X)
   Less than 1 month.........       11       1.5       9         4.4         8     2.2        12      2.4        16     4.1
   1 or 2 months.............       14       1.6      12         4.9        14     2.9        13      2.5        17     4.2
   2 to 4 months.............       18       1.8      15         5.4        16     3.1        19      2.9        23      .7
   4 to 6 months.............       14       1.7      14         5.3        17     3.2        14      2.5        12     3.5
   6 to 12 months............       18       1.8      25         6.6        17     3.2        17      2.8        16     4.0
   1 to 2 years..............       12       1.5      14         5.3        14     2.9        11      2.3        12     3.5
   2 years or more...........       12       1.5      10         4.6        15     3.0        14      2.6         5     2.4

Year structure built, total..      100       (X)     100         (X)       100     (X)       100      (X)       100     (X)
   4/1/2000 or later.........       17       1.8       6         3.6        13     2.9        21      3.0        20     4.4
   1995 to 3/31/2000.........        9       1.4       5         3.2         7     2.1        11      2.3        14     3.8
   1990 to 1994..............        7       1.2       2         2.1         7     2.2         8      2.0         9     3.1
   1980 to 1989..............       12       1.5       8         4.2         7     2.1        15      2.6        17     4.2
   1970 to 1979..............       11       1.5       4         2.9         9     2.5        14      2.5        12     3.6
   1960 to 1969..............        9       1.3      10         4.5         8     2.3         8      2.0         9      .1
   1950 to 1959..............       12       1.5      21         6.2        12     2.7        10      2.2        11     3.5
   1940 to 1949..............        8       1.3      15         5.5        14     2.9         3      1.3         3     1.8
   1939 or earlier...........       15       1.7      30         6.9        22     3.5        10      2.2         6     2.6

Previous occupancy, total....      100       (X)     100         (X)       100     (X)       100      (X)       100     (X)
   Previously occupied.......       90       1.4      97         2.4        92     2.3        87      2.4        86     3.8
   Not previously occupied...       10       1.4       3         2.4         8     2.3        13      2.4        14     3.8


Table 9.  Characteristics of Vacant For-Rent and Vacant For-Sale-Only Units
                 for the United States and Regions:  Fourth Quarter 2004 - continued

                                         90-Percent  North-  90-Percent    Mid-  90-Percent South  90-Percent   West 90-Percent
                                  U.S.   confidence  east    confidence    west  confidence        confidence        confidence
Characteristics                         interval<font size="-1">(+/-)</font><sup>a</sup>        interval<font size="-1">(+/-)</font><sup>a</sup>       interval<font size="-1">(+/-)</font><sup>a</sup>      interval<font size="-1">(+/-)</font><sup>a</sup>     interval<font size="-1">(+/-)</font><sup>a</sup>

Sales price, total\c.........      100       (X)     100         (X)       100     (X)       100      (X)       100     (X)
   Less than $10,000.........        3       0.8       2         2.3         3     1.5         3      1.2         2     1.6
   $10,000 to $29,999........        9       1.3       9         4.4        11     2.7         8      1.9         7     2.7
   $30,000 to $49,999........       10       1.4      10         4.7        12     2.8        10      2.2         5     2.5
   $50,000 to $74,999........       14       1.6       6         3.6        20     3.4        13      2.5         9     3.1
   $75,000 to $99,999........        9       1.4      16         5.6         9     2.3        11      2.3         3     2.0
   $100,000 to $199,999......       27       2.1      20         6.1        27     3.7        30      3.4        23     4.6
   $200,000 to $299,999......       11       1.5      17         5.8         7     2.1        11      2.3        18     4.2
   $300,000 or more..........       18       1.8      19         5.9        10     2.6        16      2.7        34     5.2
   Median ($s)...............  121,800       (X) 123,500         (X)    82,900     (X)   122,900      (X)   206,200     (X)

X Not Applicable.  Z Less than 0.05 percent.  - Represents zero.
a  A 90-percent confidence interval is a measure of an estimate's reliability.  The larger the confidence interval is, in relation 
   to the size of the estimate, the less reliable the estimate.
b Excludes one-family homes on 10 acres or more.
c Limited to one-family homes on less than 10 acres and no business on property (including mobile homes).