Approximately 85.5 percent of the housing units in the United States in the third quarter 2009 were occupied and 14.5 percent were vacant. (Source: 2009 US Census report)
Oversupply and Under-demand:
This year has registered the highest reading since the government began collecting such data in 1965.
Part of the glut comes from foreclosures, the rest comes from apartments left empty as the kids move back in with Mom and Dad.