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Monday, December 23, 2024

Rental vacancies in Vermont up 1.1% from Q1 to Q2 2018

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Rental vacancies in Vermont were 4.4 percent in the second quarter of 2018, an increase of 1.1 percent over the previous quarter, according to the U.S. Census Bureau.

Vacancy rates are a leading economic indicator used by economic forecasters and the federal government to gauge the current economic climate.

The rental vacancy rate is the proportion of the homeowner inventory vacant for rent at the time of the survey.

The bureau compiles data from a sampling of approximately 72,000 occupied and vacant housing units across the country and the District of Columbia. The bureau also collects information on homeownership vacancies, as well as certain characteristics about housing unit, such as age of household members, family status, race/ethnicity and median family income.

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