quarter to levels last seen in mid-2006, a government report on Friday
showed, in a positive sign for the listless housing sector.
The vacancy rate fell to 2.5 percent from 2.7 percent in
the first quarter of 2009, the Commerce Department reported.
High vacancies point to weakness in the homes sector and
the rate has not touched 2.5 percent since the third quarter of
2006.
An elevated vacancy rate is a sign that many homeowners
have moved out of their primary residence even before it was
sold.
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