Rental Vacancy Rate for Hawaii
HIRVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.40
Year-over-Year Change
-27.45%
Date Range
1/1/1986 - 1/1/2024
Summary
The Rental Vacancy Rate for Hawaii measures the percentage of rental housing units that are vacant and available for rent. This metric provides insights into the supply and demand dynamics of the state's rental housing 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 Rental Vacancy Rate for Hawaii is a key economic indicator that tracks the availability of rental housing units in the state. It is used by policymakers, real estate analysts, and investors to assess market conditions and inform housing policy decisions.
Methodology
The data is collected through the U.S. Census Bureau's Housing Vacancy Survey.
Historical Context
The Rental Vacancy Rate is an important input for understanding the health of Hawaii's housing market and its broader economic conditions.
Key Facts
- Hawaii's Rental Vacancy Rate has averaged around 7% over the past decade.
- High rental demand and limited supply have contributed to low vacancy rates in Hawaii.
- Rental vacancy rates can impact housing affordability and influence investment decisions.
FAQs
Q: What does the Rental Vacancy Rate for Hawaii measure?
A: The Rental Vacancy Rate for Hawaii measures the percentage of rental housing units that are vacant and available for rent in the state.
Q: Why is the Rental Vacancy Rate relevant for users or analysts?
A: The Rental Vacancy Rate provides insights into the supply and demand dynamics of Hawaii's rental housing market, which is crucial for policymakers, real estate analysts, and investors.
Q: How is the Rental Vacancy Rate for Hawaii data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Housing Vacancy Survey.
Q: How is the Rental Vacancy Rate for Hawaii used in economic policy?
A: The Rental Vacancy Rate is an important input for understanding the health of Hawaii's housing market and its broader economic conditions, which can inform housing policy decisions.
Q: Are there any update delays or limitations with the Rental Vacancy Rate for Hawaii data?
A: The Rental Vacancy Rate for Hawaii data is published regularly by the U.S. Census Bureau, but there may be some delays in the reporting of the most recent figures.
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Citation
U.S. Federal Reserve, Rental Vacancy Rate for Hawaii (HIRVAC), retrieved from FRED.