Percent, Monthly, Seasonally Adjusted
LRHU24TTO1M156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.90
Year-over-Year Change
-7.03%
Date Range
1/1/2005 - 9/1/2017
Summary
The 'Percent, Monthly, Seasonally Adjusted' series measures the ratio of total housing units that are vacant and available for rent on a monthly basis, adjusted for seasonal variations.
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
This economic indicator provides insight into the rental housing market, which is a key factor in the broader real estate and construction sectors. Policymakers and analysts use this data to assess housing supply, affordability, and broader economic conditions.
Methodology
The U.S. Census Bureau collects and reports this data through a monthly survey of housing units.
Historical Context
Trends in rental housing availability can inform policy decisions related to housing, urban development, and macroeconomic management.
Key Facts
- The vacancy rate has remained below 7% since 2015.
- Rental vacancy rates are typically higher than homeowner vacancy rates.
- Declining vacancy rates may signal increased housing demand and tighter market conditions.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly, seasonally adjusted 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 supply and demand in the housing market, which has broad implications for the real estate sector, consumer spending, and the overall economy.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through a monthly survey of housing units across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor rental vacancy rates to assess housing affordability, guide urban development initiatives, and inform broader macroeconomic management.
Q: Are there update delays or limitations?
A: This data is released monthly with a typical lag of 1-2 months. The Census Bureau's survey methodology may not capture all rental housing units, particularly in certain markets or property types.
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Citation
U.S. Federal Reserve, Percent, Monthly, Seasonally Adjusted (LRHU24TTO1M156S), retrieved from FRED.