Home Vacancy Rate for West Virginia
WVHVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-55.00%
Date Range
1/1/1986 - 1/1/2024
Summary
The Home Vacancy Rate for West Virginia measures the percentage of vacant housing units in the state. This indicator provides insight into the state's housing market dynamics and is relevant for 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 tracks the share of unoccupied residential properties in West Virginia. It serves as an important barometer of housing supply and demand, which can inform decisions around housing policies, construction, and investment.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
The Home Vacancy Rate is closely monitored by economists and real estate professionals to assess the health of local and regional housing markets.
Key Facts
- The current West Virginia home vacancy rate is 14.2%.
- Vacancy rates tend to be higher in rural areas compared to urban centers.
- High vacancy rates can indicate oversupply in the housing market.
FAQs
Q: What does this economic trend measure?
A: The Home Vacancy Rate for West Virginia measures the percentage of unoccupied residential properties in the state.
Q: Why is this trend relevant for users or analysts?
A: The home vacancy rate provides important insights into the supply and demand dynamics of the West Virginia housing market, which is relevant for policymakers, real estate professionals, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: The Home Vacancy Rate is closely monitored by economists and policymakers to assess the health of the housing market and inform decisions around housing policies, construction, and investment.
Q: Are there update delays or limitations?
A: The Home Vacancy Rate data for West Virginia is updated annually by the U.S. Census Bureau, with a potential delay of several months.
Related Trends
Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in West Virginia
SMU54000003200000008A
State Government Tax Collections, Total Sales and Gross Receipts Taxes in West Virginia
WVSLGRTAX
Coincident Economic Activity Index for West Virginia
WVPHCI
Average Weekly Hours of Production Employees: Financial Activities: Finance and Insurance in West Virginia
SMU54000005552000007
All Employees: Other Services in West Virginia
WVSRVO
Poverty Universe, Age 5-17 related for West Virginia
PUA5T17RWV54000A647NCEN
Citation
U.S. Federal Reserve, Home Vacancy Rate for West Virginia (WVHVAC), retrieved from FRED.