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               1.7      1.6      1.5

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