Home Vacancy Rate for Pennsylvania
PAHVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
-52.94%
Date Range
1/1/1986 - 1/1/2024
Summary
The Home Vacancy Rate for Pennsylvania measures the percentage of vacant housing units in the state. It is an important indicator of housing market conditions and can inform policymakers and real estate analysts.
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 Pennsylvania tracks the share of total housing units in the state that are unoccupied. This metric provides insight into housing supply, demand, and affordability trends at the state level.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
The home vacancy rate is used to analyze housing market dynamics and assess the need for new construction or policy interventions.
Key Facts
- Pennsylvania'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.
- High vacancy rates can signal oversupply or declining demand in local housing markets.
FAQs
Q: What does the Home Vacancy Rate for Pennsylvania measure?
A: The Home Vacancy Rate for Pennsylvania tracks the percentage of total housing units in the state that are unoccupied or vacant.
Q: Why is the Pennsylvania home vacancy rate relevant for users or analysts?
A: The home vacancy rate provides insight into housing supply and demand, which is crucial for real estate investors, policymakers, and anyone analyzing the state's housing market.
Q: How is the Home Vacancy Rate for Pennsylvania data collected?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is the Pennsylvania home vacancy rate used in economic policy?
A: Policymakers and urban planners use the home vacancy rate to assess housing market conditions and determine the need for new construction, zoning changes, or other interventions.
Q: Are there any delays or limitations in the Home Vacancy Rate for Pennsylvania data?
A: The American Community Survey data used to calculate the home vacancy rate is subject to sampling error and may have a lag of several months before the latest figures are released.
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Citation
U.S. Federal Reserve, Home Vacancy Rate for Pennsylvania (PAHVAC), retrieved from FRED.