Home Vacancy Rate for Maryland
MDHVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
-68.42%
Date Range
1/1/1986 - 1/1/2024
Summary
The Home Vacancy Rate for Maryland measures the percentage of vacant housing units in the state. It provides insights into the health of the local housing market and informs policy decisions.
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 Home Vacancy Rate for Maryland tracks the proportion of unoccupied residential properties in the state. This metric is closely monitored by economists, real estate analysts, and policymakers to assess housing supply, demand, and affordability trends.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
The vacancy rate is a key indicator used to evaluate housing market conditions and inform policy interventions.
Key Facts
- Maryland's home vacancy rate was 12.4% as of the latest data.
- Vacancy rates tend to be higher in urban areas compared to rural regions.
- Low vacancy rates can signal a tight housing market with limited supply.
FAQs
Q: What does the Home Vacancy Rate for Maryland measure?
A: The Home Vacancy Rate for Maryland tracks the percentage of unoccupied residential properties in the state, providing insights into housing market conditions.
Q: Why is the Maryland home vacancy rate relevant for users or analysts?
A: The vacancy rate is an important indicator of housing supply, demand, and affordability, informing decisions by economists, real estate professionals, and policymakers.
Q: How is the home vacancy data for Maryland collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is the Maryland home vacancy rate used in economic policy?
A: The vacancy rate is used to assess housing market conditions and inform policy interventions aimed at addressing housing supply, demand, and affordability challenges.
Q: Are there any update delays or limitations with the Maryland home vacancy data?
A: The data is subject to the release schedule and sampling methods of the American Community Survey, which may result in occasional delays or statistical limitations.
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Citation
U.S. Federal Reserve, Home Vacancy Rate for Maryland (MDHVAC), retrieved from FRED.