Rental Vacancy Rate for Pennsylvania
PARVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.90
Year-over-Year Change
-24.18%
Date Range
1/1/1986 - 1/1/2024
Summary
The Rental Vacancy Rate for Pennsylvania measures the percentage of rental housing units that are vacant and available for rent. This metric provides insight 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 Pennsylvania is a key indicator of the health and equilibrium of the state's rental housing market. It is closely monitored by policymakers, real estate investors, and housing analysts to assess market conditions and inform investment and policy decisions.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey/Housing Vacancy Survey.
Historical Context
The rental vacancy rate is used to evaluate the balance between rental housing supply and demand, which has implications for rental prices, construction activity, and housing affordability.
Key Facts
- The current rental vacancy rate for Pennsylvania is XX%.
- Rental vacancy rates tend to be higher in urban areas compared to rural areas.
- Low rental vacancy rates often indicate a tight housing market with limited supply.
FAQs
Q: What does this economic trend measure?
A: The Rental Vacancy Rate for Pennsylvania measures the percentage of rental housing units that are vacant and available for rent in the state.
Q: Why is this trend relevant for users or analysts?
A: The rental vacancy rate is a key indicator of the supply and demand dynamics in the rental housing market, which has important implications for rent levels, construction activity, and housing affordability.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey/Housing Vacancy Survey.
Q: How is this trend used in economic policy?
A: Policymakers, real estate investors, and housing analysts use the rental vacancy rate to assess market conditions and inform investment and policy decisions related to the rental housing market.
Q: Are there update delays or limitations?
A: The rental vacancy rate data is released quarterly with a brief delay, and may be subject to sampling and estimation uncertainties inherent in survey-based measures.
Related Trends
All Employees: Leisure and Hospitality in Pennsylvania
PALEIH
All Employees: Manufacturing: Non-Durable Goods: Printing and Related Support Activities in Pennsylvania
SMU42000003232300001SA
Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Pennsylvania
PAPCEPCFCENPISH
Average Weekly Earnings of All Employees: Other Services in Pennsylvania
SMU42000008000000011
Number of Identified Exporters to Luxembourg from Pennsylvania
PALUXA475SCEN
Other Services (except Public Administration) Earnings in Pennsylvania
PAEOTH
Citation
U.S. Federal Reserve, Rental Vacancy Rate for Pennsylvania (PARVAC), retrieved from FRED.