Cheryl Webb- Broker Associate | Homes for Sale | Placerville | El Dorado Hills | Pollock Pines | Cameron Park Call me (530) 306-0684

The national vacancy rate for homeowner housing was at 2.5 percent in the second quarter, according to the Dept. of Commerce’s Census Bureau.  The rate was approximately the same as that of second quarter 2010 and 0.1 percentage points lower than the rate in the first quarter.The homeownership rate of 65.9 percent was 1 percentage point lower than the second quarter 2010 rate (66.9 percent) and 0.5 percentage points lower than the rate in the previous quarter (66.4 percent).Approximately 85.7 percent of the housing units nationwide were occupied and 14.3 percent were vacant in the second quarter 2011.  Owner-occupied housing units made up 56.5 percent of total housing units, while renter-occupied units made up 29.2 percent of the inventory in the second quarter of 2011. Vacant year-round units comprised 10.8 percent of total housing units, while 3.5 percent were for seasonal use.More info

Construction spending increased 0.2 percent in September to a seasonally adjusted annual rate of $787.2 billion, the U.S. Census Bureau of the Dept. of Commerce reported yesterday.  The September figure is 1.3 percent below the September 2010 estimate of $797.3 billion.Residential construction rose 0.9 percent to a seasonally adjusted annual rate of $228.3 billion in September compared with August. More info