Housing Vacancy

Monday, April 13, 2009 - By Gate Arty

The United States Cencus Bureau has reported that one in every 9 homes in the nation is sitting vacant . Leading economists are predicting that this won't change for at least several more years. Take this math into consideration . . . . between the years 2002 until 2007, the number of housing units increased by a whopping 8.65 million. By comparison, the number of households only increased by 6.7 million. Even if you factor in an estimate of 500,000 homes being torn down or lost, that still leaves over 1.3 million homes! Now those are scary numbers.

Tags: , cencus, homes, housing, us economy