by Calculated Risk on 1/27/2005 04:01:00 PM

The 4th quarter report of Housing Vacancies and Homeownership is now available.

The housing inventory increased 1.325 million units in 2004. Interestingly, 1.763 million more units were occupied by owner; more units than the overall inventory increased.

The number of occupied rental units decreased slightly for the year and increased in the 4th quarter. This is the 2nd consecutive quarter of an increase in occupied rental units - a trend change from the last few years.

The Home Ownership rate is at a record 69.2%.