One bright spot in housing: apartments. The U.S. apartment vacancy rate was 6.6% in Q4,...
One bright spot in housing: apartments. The U.S. apartment vacancy rate was 6.6% in Q4, down from 7.1% in Q3 and 8% Y/Y, according to Reis. The vacancy rate for large apartment buildings bottomed a year ago, and the data indicates that excess housing inventory is being absorbed.
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