What does vacancy percentage measure in housing data?

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Multiple Choice

What does vacancy percentage measure in housing data?

Explanation:
The vacancy percentage shows the share of housing units that are unoccupied at a given time. It is calculated by dividing the number of vacant housing units by the total number of housing units and multiplying by 100. Vacant housing units are those not occupied by a usual resident; this includes units that are for sale, for rent, or temporarily unoccupied (such as seasonal homes). It does not count vacant lots or land parcels. A higher vacancy rate can indicate weaker demand or overbuilding, while a lower rate suggests tighter supply or stronger demand. The other options don’t fit because mortgage delinquency measures loan payment problems, the number of vacant lots concerns empty land, and median home sale price reflects price rather than occupancy.

The vacancy percentage shows the share of housing units that are unoccupied at a given time. It is calculated by dividing the number of vacant housing units by the total number of housing units and multiplying by 100. Vacant housing units are those not occupied by a usual resident; this includes units that are for sale, for rent, or temporarily unoccupied (such as seasonal homes). It does not count vacant lots or land parcels. A higher vacancy rate can indicate weaker demand or overbuilding, while a lower rate suggests tighter supply or stronger demand. The other options don’t fit because mortgage delinquency measures loan payment problems, the number of vacant lots concerns empty land, and median home sale price reflects price rather than occupancy.

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