NEW YORK (CNNMoney.com) -- The number of Americans who own homes fell in the second quarter of the year to the lowest level since 1999, said a government survey released Tuesday.
The Census Bureau said the home ownership rate fell to 66.9% in the second quarter of 2010, down half a percentage point from the previous year. The home ownership rate was 67.1% in the first quarter of the year.
In the second quarter rates were highest in the Midwest, where 70.8% of people are homeowners, and lowest in the West, where 61.4% of people own.
Rates in the South and West were lower than a year ago, while the Northeast and Midwest stayed the same.
Vacancies: The vacancy rate in non-rental units also fell in the second quarter, to 2.5%. Meanwhile, the vacancy rate in rental homes stayed steady at 10.6%.
Almost 86% of U.S. homes were occupied in the second quarter, with owner-occupied housing comprising 57.3% of all housing units. Renter-occupied homes were 28.3% of all units.
A separate report released Tuesday, the Case-Shiller index, showed home prices rose 1.3% in May compared with the previous month.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.90%||3.84%|
|15 yr fixed||3.10%||3.03%|
|30 yr refi||3.90%||3.83%|
|15 yr refi||3.10%||3.03%|
Today's featured rates:
One year after 'Lemonade,' Beyoncé is funding four college scholarships for 'bold, creative, conscious and confident' women. More
The World Trade Organization ruled in Mexico's favor over the US in a dispute over tuna. More
Uber expects full-scale operation of a flying car network in 2023. More
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More
JetBlue took the top spot as passengers' favorite airline, followed by Southwest, according to the latest travel report from the American Customer Satisfaction Index. More