Thursday, May 13, 2010
The Research Institute for Housing America, part of the Mortgage Bankers Association, has published an interesting study looking at What Happens to Household Formation in a Recession. They conclude that homeowner vacancy rates have increased markedly over the past few years and rental vacancy rates have also drifted upwards. This naturally begs the question: Where have these households gone? Well, not into rentals as rental vacancy rates have been steadily moving upward.