According to the U.S. home vacancy rate, the measure of properties empty and for sale, fell to the lowest level since 2006 as demand for housing improved and lenders slowed property possessions.
The inventory of available homes is dwindling and growing investor purchasing forclosures and distressed properties have increased this year. In return, investors are turning out new houses to meet demand from traditional buyers who are being crowded out by cash-paying investors.
Vacancy decline means that builders have a good reason to start up construction. Since 2009, many people moved back in with their parents. This created a sharp drop in building new homes.
Source: Bloomberg.com
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