According to the report, home ownership rate fell to 66.9 percent in the second quarter of 2010, down from first quarter’s ownership rate of 67.1 percent.

In the second quarter, the Midwest has the highest rate at 70.8 percent of people are homeowners, and was lowest in the West, where 61.4 percent of people own.

Rates in the West and South were below year ago levels, while the Northeast and Midwest stayed the same.

The vacancy rate in non-rental units also dropped in the second quarter, to 2.5 percent. Meanwhile, the vacancy rate in rental homes stayed the same at 10.6 percent.

Almost 86 percent of U.S. homes were occupied in the second quarter, with owner-occupied housing comprising 57.3 percent of all housing units while 28.3 percent were occupied by renters.