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US Affordable Housing Vacancy Stabilizes in Q3

The affordable housing vacancy rate closed the third quarter at 2.4%, within the historical average for the asset class.

The US affordable housing vacancy rate remained unchanged in the third quarter, according to a report from Moody’s Analytics REIS. At the close of the third quarter, the rate was 2.4%, within the 1.9% to 2.5% historical average for the asset class. Moody’s expects affordable housing will close the year with a vacancy rate of 2.4%.

Despite the pandemic—which impacted low-wage industries most significantly—the affordable housing vacancy rate has remained stable throughout the year. After peaking above 2.5% in the fourth quarter of 2019, affordable housing vacancy sharply declined to 2.4%, and has stayed there this year.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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