One stat that many may overlook when looking at the recently released census home ownership rate is the startling high vacancy rate for homes in the U.S. While a Jacksonville Foreclosure Lawyer has detailed the precipitous drop in the homeownership rates since the housing crisis began in 2007, the number of unoccupied homes is just as alarming.
According to the Census report, of the 131 million housing units in the U.S., only 112.5 million are occupied, either by owners or renters. That leaves 18.4 million vacant homes in the U.S., which amounts to over 11% of all U.S. homes being unoccupied! Industry experts fear that this number could rise even higher as builders re-start their building efforts.
To read the full Census Report click here.
