Homeownership Rate for Hawaii
HIHOWN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.30
Year-over-Year Change
5.42%
Date Range
1/1/1984 - 1/1/2024
Summary
The Homeownership Rate for Hawaii measures the percentage of occupied housing units that are owner-occupied in the state. This key indicator provides insights into housing affordability and the overall state of the local real estate market.
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 Homeownership Rate for Hawaii is a widely followed economic statistic that tracks the proportion of owner-occupied housing units compared to total occupied units in the state. It serves as an important barometer of housing market conditions and can inform policy decisions related to housing affordability and accessibility.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and market analysts use the Homeownership Rate to assess the health of the Hawaiian housing sector and make informed decisions.
Key Facts
- Hawaii has historically had one of the lowest homeownership rates in the U.S.
- The rate peaked at 60.8% in 2006 and has since declined to around 56%.
- High housing costs and limited land availability are key factors affecting homeownership in Hawaii.
FAQs
Q: What does this economic trend measure?
A: The Homeownership Rate for Hawaii measures the percentage of occupied housing units in the state that are owner-occupied.
Q: Why is this trend relevant for users or analysts?
A: The Homeownership Rate is an important indicator of housing affordability and the overall health of the local real estate market, which is highly relevant for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use the Homeownership Rate for Hawaii to assess the state of the housing sector and make informed decisions about housing policies and interventions.
Q: Are there update delays or limitations?
A: The Homeownership Rate for Hawaii is reported quarterly with a slight delay, and may be subject to revisions by the Census Bureau.
Related Trends
90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Hawaii
PECIUB5T17HI15000A647NCEN
Monthly State Retail Sales: Furniture and Home Furnishings Stores in Hawaii
MSRSHI442
Real Gross Domestic Product: State and Local in Hawaii
HIGOVSLRGSP
Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Hawaii
HIARTENTRECNQGSP
Per Capita Personal Consumption Expenditures: Services: Transportation Services for Hawaii
HIPCEPCTRANS
Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Hawaii
HIRERENTLEARQGSP
Citation
U.S. Federal Reserve, Homeownership Rate for Hawaii (HIHOWN), retrieved from FRED.