You would think that an industry that almost completely missed an $8 trillion housing bubble would be trying to do a better job in reporting on the housing market: But that does not appear to be the case. The Census Bureau reported that the number of vacant units hit a new record high yesterday and it appears that no one noticed.

–Dean Baker

Dean Baker is senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Read more about Dean.