One of the data sources we used to create our 2017 Market Report we consulted the Census Housing Vacancies table provides current information on the rental and homeowner vacancy rates, and characteristics of units available for occupancy. The rental vacancy rate factors into the index of leading economic indicators; as such, it’s used by the Federal Government and pundits alike to gauge the current economic climate.
The current release folds in rental and homeownership data to give a robust image of the state of housing in America: currenthvspress
This historical quarterly rental vacancy chart compares numbers from 1956 to present: histtab1
To find out more about current vacancies as an indicator of market health — and what it means in the context of the Portland real estate market — read our full 2017 Market Report
2020 was a rough year with the pandemic, social unrest, and the closure of many restaurants and retail businesses. Nowhere was the impact more acute than in downtown urban areas across the country. Read the full luxury condo report here to view the pre and post...