Rental Vacancy Rate for Connecticut
CTRVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.90
Year-over-Year Change
-60.81%
Date Range
1/1/1986 - 1/1/2024
Summary
The Rental Vacancy Rate for Connecticut measures the percentage of rental housing units that are vacant and available for rent. This metric provides insights into the state's rental housing market and can inform policymakers and investors.
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 for Connecticut is a key indicator of the supply and demand balance in the state's rental housing market. It tracks the proportion of rental units that are unoccupied and available for immediate occupancy, helping to assess the health and stability of the local rental market.
Methodology
The data is collected through the U.S. Census Bureau's quarterly Housing Vacancy Survey.
Historical Context
The Rental Vacancy Rate is closely monitored by policymakers, real estate investors, and housing market analysts to understand trends in rental housing availability and affordability.
Key Facts
- The current Rental Vacancy Rate for Connecticut is X.X%.
- Rental vacancy rates in Connecticut have been trending [up/down] over the past [time period].
- Healthy rental vacancy rates are generally considered to be between 5-7% to balance supply and demand.
FAQs
Q: What does the Rental Vacancy Rate for Connecticut measure?
A: The Rental Vacancy Rate for Connecticut measures the percentage of rental housing units in the state that are vacant and available for immediate occupancy.
Q: Why is the Rental Vacancy Rate relevant for users or analysts?
A: The Rental Vacancy Rate provides insights into the supply and demand balance in Connecticut's rental housing market, which is important for policymakers, real estate investors, and housing market analysts.
Q: How is the Rental Vacancy Rate data collected or calculated?
A: The data is collected through the U.S. Census Bureau's quarterly Housing Vacancy Survey.
Q: How is the Rental Vacancy Rate used in economic policy?
A: The Rental Vacancy Rate is closely monitored by policymakers to understand trends in rental housing availability and affordability, which can inform decisions on housing policies and programs.
Q: Are there any update delays or limitations to the Rental Vacancy Rate data?
A: The Rental Vacancy Rate data is released quarterly by the U.S. Census Bureau, so there may be a short delay between the reporting period and the data's availability.
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Citation
U.S. Federal Reserve, Rental Vacancy Rate for Connecticut (CTRVAC), retrieved from FRED.