Home Vacancy Rate for North Carolina
NCHVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
-66.67%
Date Range
1/1/1986 - 1/1/2024
Summary
The Home Vacancy Rate for North Carolina measures the percentage of vacant housing units in the state. This key indicator provides insight into the supply and demand dynamics of the North Carolina 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 Home Vacancy Rate for North Carolina is a metric that tracks the percentage of unoccupied housing units across the state. It serves as an important barometer for evaluating the balance between housing supply and demand, with implications for real estate investment, construction, and policy decisions.
Methodology
The data is collected through the U.S. Census Bureau's ongoing household surveys.
Historical Context
Policymakers and market analysts closely monitor the North Carolina home vacancy rate to assess housing market conditions and inform economic development strategies.
Key Facts
- North Carolina's home vacancy rate was 13.2% as of the latest data.
- Vacancy rates tend to be higher in rural areas compared to urban centers.
- Home vacancies can impact property values, construction, and rental markets.
FAQs
Q: What does the Home Vacancy Rate for North Carolina measure?
A: The Home Vacancy Rate for North Carolina measures the percentage of housing units in the state that are unoccupied or vacant, providing insight into housing supply and demand dynamics.
Q: Why is the North Carolina home vacancy rate relevant for users or analysts?
A: The home vacancy rate is a key economic indicator that informs real estate investment, construction, and policy decisions by signaling the balance between housing supply and demand in the state.
Q: How is the North Carolina home vacancy rate data collected or calculated?
A: The data is collected through the U.S. Census Bureau's ongoing household surveys.
Q: How is the North Carolina home vacancy rate used in economic policy?
A: Policymakers and market analysts closely monitor the home vacancy rate to assess housing market conditions and inform economic development strategies for the state.
Q: Are there any update delays or limitations to the North Carolina home vacancy rate data?
A: The home vacancy rate data is subject to the typical update schedule and potential sampling limitations of the U.S. Census Bureau's household surveys.
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Citation
U.S. Federal Reserve, Home Vacancy Rate for North Carolina (NCHVAC), retrieved from FRED.