Gross Domestic Product: Real Estate and Rental and Leasing (53) in Connecticut
Annual, Not Seasonally Adjusted
CTRERENTLEANGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,218.70
Year-over-Year Change
58.89%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the rental vacancy rate in the United States. This key housing market indicator provides insight into the balance between rental supply and demand.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The rental vacancy rate tracks the percentage of rental housing units that are vacant and available for rent. It is an important metric for understanding trends in the rental housing market, which is a significant component of the overall real estate and construction sectors.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey/Housing Vacancy Survey.
Historical Context
The rental vacancy rate is closely monitored by policymakers, investors, and economists to assess housing market conditions and the broader economy.
Key Facts
- The U.S. rental vacancy rate averaged 5.8% in 2022.
- Rental vacancies reached a high of 7.5% during the Great Recession in 2009.
- Tight rental markets can contribute to rising housing costs and inflation.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the percentage of rental housing units that are vacant and available for rent in the United States.
Q: Why is this trend relevant for users or analysts?
A: The rental vacancy rate is an important indicator of the balance between rental housing supply and demand, providing insights into the overall health of the real estate market.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey/Housing Vacancy Survey.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and economists closely monitor the rental vacancy rate to assess housing market conditions and their broader implications for the economy.
Q: Are there update delays or limitations?
A: The rental vacancy rate data is published annually by the U.S. Census Bureau, with some lag between the reference period and the data release.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (CTRERENTLEANGSP), retrieved from FRED.